BeaconKit
BeaconKit is a modular and customizable consensus layer framework that leverages the CometBFT consensus algorithm for building Ethereum-based blockchains.BERA token
$BERA is the native gas token of Berachain’s L1 and serves multiple purposes:
- Used for paying transaction fees
- Initial validator staking token to secure the network
- More BERA staked = more blocks proposed
- Validators earn base emissions and transaction fees (i.e. MEV) for each block proposed
- Can be obtained by burning BGT (one-way conversion)
$BERA.
BEX
Berachain’s native decentralized exchange. Read more in BEX Overview.BGT (Bera governance token)
$BGT is Berachain’s staking and governance token, which is non-transferrable and can only be earned by participating in Proof of Liquidity (PoL):
- Validator delegation and rewards
- More BGT delegated = more reward emissions for reward vaults
- Governance participation (proposals and voting)
- Can be burned for
$BERA(one-way conversion) - Can only be earned through participating in Proof of Liquidity
$BGT.
Block
A data unit containing a list of transactions that is permanently added to the blockchain in a sequential manner.Block time
The time it takes to create a new block on the blockchain. Berachain has an average block time of < 3 seconds. Note that block time can increase depending on network congestion.CometBFT
A general-purpose blockchain consensus engine used by Berachain to achieve high throughput and fast finality in transactions. Read more at Cometbft.com.Consensus client
The consensus client is a piece of software responsible for achieving agreement among network nodes about the current state of the blockchain. It handles the process of validating transactions and blocks, ensuring they adhere to network rules, and deciding which blocks get added to the blockchain.Consensus mechanism
The protocol by which nodes in the Berachain network agree on the state of the blockchain. Berachain uses Proof-of-Liquidity to select validators based on their provided liquidity.Delegation
The process by which a token holder grants voting or validation power to another participant in the network.DEX (decentralized exchange)
A platform that enables the buying and selling of tokens directly on the blockchain without a centralized intermediary. All liquidity is verifiably owned by smart contracts.Engine API
The Engine API is the interface that allows communication between the execution and consensus layers of an EVM node. BeaconKit, as a consensus layer, leverages this to be easily paired with any execution client.Execution client
An EVM (Ethereum Virtual Machine) execution client is a software application responsible for the actual computation of transactions within blocks. It interprets and executes the code of smart contracts using the EVM, manages state changes, and executes the transaction logic. Supported EVM Execution Clients:- Bera-Geth: Berachain’s fork of the official Go implementation of the Ethereum protocol
- Bera-Reth: Berachain’s fork of a popular Rust-based client focusing on performance and reliability
Finality
The assurance that once a transaction is confirmed on the blockchain, it cannot be altered or reversed. Berachain provides instant finality for transactions.Governance
The system by which decisions are made within the Berachain ecosystem. Governance involves proposals, voting, and the implementation of changes for PoL & Berachain’s native dapps (BEX, HoneySwap) using$BGT tokens for participation.
HONEY
$HONEY is the native stablecoin of the Berachain ecosystem, soft-pegged to 1 USDC. It is used throughout the Berachain ecosystem and involves minting and burning fees. Read more in Tokens - $HONEY.
Liquidity
The availability of liquid assets to facilitate trading on the Berachain network. Liquidity is often provided by users through liquidity pools.Liquidity pool
A collection of funds locked in smart contracts, used to facilitate trading on decentralized exchanges and other DeFi services.Liquidity provider
A user who deposits tokens into a liquidity pool, earning a portion of fees generated from swaps in the pool, as well as other potential rewards (from PoL or otherwise).Mainnet
The primary network where transactions comprising real value occur on the Berachain blockchain, as opposed to test networks used for development.Proof-of-Liquidity
A consensus mechanism that aligns economic incentives between validators, applications, and users. Premised on a two-token model, validators have varying probabilities of being selected based on the amount of$BERA they have staked. Block rewards are distributed as $BGT tokens, the amount of which is influenced by the amount of $BGT delegated to them by users.