Berachain Launches a Public Testnet

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The team behind Berachain, a layer 1 blockchain that is compatible with the Ethereum Virtual Machine (EVM), has recently launched the Artio public testnet.

Built on the Cosmos SDK, the protocol utilizes a Proof-of-Liquidity (PoL) consensus algorithm that allows users to stake tokens while providing liquidity to projects on the network.

With PoL, users can only contribute to the network’s security by first providing liquidity to specific DeFi protocols such as a native decentralized exchange (DEX), a derivatives exchange, and a stablecoin lending platform. In return, users earn BGT tokens, which cannot be sold.

The network also operates with a three token system where users can earn HONEY stablecoins by delegating their BGT to validators or different protocols.

Additionally, users have the option to burn BGT at any time, exchanging it for liquid BERA tokens at a 1:1 ratio. This process is final and cannot be undone.