Berachain is a Layer 1 blockchain with a novel Proof of Liquidity consensus mechanism, supported by eOracle for its ecosystem growth.
Berachain and Proof of Liquidity
Berachain is a Layer 1 blockchain that uses a Proof of Liquidity (PoL) consensus mechanism. This innovative system addresses liquidity challenges in emerging blockchains. The process involves liquidity providers depositing capital into ecosystem reward vaults and receiving $BGT, which can be delegated to validators or burned for $BERA. Those with significant $BGT holdings influence reward distribution in liquidity pools, creating a feedback loop between liquidity provision and consensus.
eOracle's Support for Berachain
eOracle's launch on the Berachain mainnet provides support for all main markets, delivering essential data for sustainable ecosystem growth. This enables developers to leverage specialized price feeds and data services for reliable DApps. eOracle has already integrated with protocols such as BeraBorrow and BeraBuzz, offering reliable data for lending and trading operations.
eOracle Architecture: Transforming the Oracle Landscape
Web3's goal to revolutionize real-world industries by decentralized data acquisition is tackled by the eOracle Stack platform. It provides comprehensive infrastructure for building Oracle Validated Services (OVS). This separation of concerns allows domain experts to focus on data quality and validation, while inheriting security and reliability.
The collaboration between Berachain and eOracle opens new opportunities for decentralized application development, enhancing accessibility and efficiency in the DeFi ecosystem.
