BlockBeats News: On February 4th, the Berachain Foundation released its network white paper this morning. According to the white paper, Berachain is a new type of EVM compatible Layer 1 blockchain designed to align the value of the network with the value of the applications built on it through the Proof of Liquidity (PoL) mechanism. Through its core innovation of Proof of Liquidity (PoL), it has changed the incentive mechanism of traditional Proof of Stake (PoS), linking the rewards of validators to the application requirements on the network.
In economic models, BERA is used for pledging and trading, while BGT is used for governance and rewards. The issuance of BGT is closely related to the pledge of BERA, and can be exchanged for BERA by burning BGT. In addition, the PoL mechanism controls inflation by adjusting the Boost of validators, ensuring network security and decentralization.
