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Introduction to Berachain

What Is Berachain?
What Is Proof of Liquidity?
What Is Polaris EVM?
What Is CometBFT?
What Are Precompiles?
How to Connect a Wallet With Berachain

Berachain Protocol

Overview Berachain Protocol
Governance

Tokens

BERA Token
BGT Token
Honey Stablecoin

Managing BGT

BGT Emissions
BGT Delegation
BGT Bribes
BGT Station

Validators

How Validators Work
Protocol Rewards

Berachain BEX

Overview Berachain BEX
Pools
House Pools

Berachain Oracle

Overview Berachain Oracle
Supported Currencies & Price Feeds

What is Berachain? 🐻 ⛓️
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Berachain is a high-performance EVM-compatible blockchain built on Proof-of-Liquidity consensus. Proof-of-Liquidity is a novel consensus mechanism that aims to align network incentives, creating strong synergy between Berachain validators and the ecosystem of projects. Berachain's technology is built on Polaris, a high-performance blockchain framework for building EVM-compatible chains on-top of the CometBFT consensus engine.

EVM-Compatible vs EVM-Equivalent
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Ethereum Virtual Machine (EVM) is Ethereum's runtime environment for executing smart contracts, providing a secure and isolated space for running code written in smart contracts on the Ethereum blockchain.
EVM comes with a set of supported operations known as opcodes (ADD, PUSH, POP, etc), supported smart contract languages (Solidity, Vyper, etc) which compile down to EVM bytcode, and supported tooling (Remix, Hardhat, etc) which are purpose-built for the EVM.

EVM-Equivalent
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An EVM-equivalent blockchain is designed to replicate the entire functionality and environment of the Ethereum Virtual Machine. It aims to be a drop-in replacement for Ethereum, supporting all the same operations, smart contract languages (like Solidity), and tools.
The goal is to create a seamless experience for developers and users transitioning from Ethereum to the new network, requiring minimal changes to existing code or infrastructure.
EVM-equivalent chains ensure full compatibility with Ethereum's ecosystem, facilitating easier migration of decentralized applications (dApps), smart contracts, and assets.

Examples
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• Sidechains
• Layer-2 (L2) Blockchains

EVM-Compatible
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An EVM-compatible blockchain is designed to support some level of interoperability with Ethereum's smart contracts and tools, but it does not necessarily replicate the entire EVM environment.
The chain provides a degree of compatibility, making it easier to port applications and assets.
EVM-compatible chains might support Ethereum's smart contract languages and tools to a certain extent, but there could be differences in functionality, performance, or security features.

Examples
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• Forked EVM Layer-1 (L1) Blockchains
• Some L2 Blockchains

Berachain EVM
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Berachain is an EVM-compatible L1 blockchain built on-top of the Cosmos-SDK that supports all the same tooling, operations, and adds additional functionality built into the chain that optimizes for proof-of-liquity and typical abstracted use-cases (DEXs, Oracles, etc).
You could even consider Berachain as an "EVM-equivalent-plus" blockchain.
Berachain Modular First
Berachain is built using Polaris EVM, a framework developed by Berachain for building a modular stack to easily separate the EVM runtime layer.

Proof Of Liquidity Overview
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The Berachain economic model Proof-Of-Liquidity (PoL) is consensus mechanism and cutting-edge approach to blockchain governance that aims to address the critical challenges faced by decentralized networks.

High-Level Model Objectives
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1. Systemically Build Liquidity - Contributes to efficient trading, price stability, network growth, user adoption, and the successful operation of decentralized applications.
2. Solve Stake Centralization - Helps contribute to the integrity of chain, avoid block space manipulation, and prevent against a monopoly. Read More On The Risks Of LSD
3. Align Protocols and Validators - Better integrates validators into the protocol and gives better incentives through liquidity provider (LP) pools, bribes, governance tokens, and more to ensure the long-term health of the chain.

Learn more about What Is Proof Of Liquidity whom are not properly serviced in the legacy financial system in existence today, is unflinching. And while we are at it, we are also innovatively looking at how we connect the dots. By connecting dots, we mean boosting the utility of what we already have existing with innovative applications that employ the use of assets like ISLM. Think about it like this: as a Muslim, you can simply use a single app for your communication, spending, investment, logistics needs and more.

The connecting piece here will be ISLM, which already boasts impressive utilities, as I mentioned earlier. Take, for instance, our partnership with FAMBRAS; with this and many more, ISLM can cater to users of our Everything app comfortably, whether it is for investment, communications, lifestyle and more.

We are currently working on this in stealth and will be giving more details to our community as soon as we think it’s the right time for that. Definitely, an exciting future is ahead of us. Super app will have utility for the Muslim community and beyond as a means of communication, accessing key parts of utility which is required and a one-stop shop for the future of the community to be nurtured.



4. Creating a halal and ethical NFT marketplace is a unique initiative. How does this marketplace align with Islamic Coin’s commitment to responsible digital finance, and what impact do you hope it will have on the NFT space?

Again, we are grateful for the unique opportunity we have to address a global problem for those interested in ethical finance. You’ll agree with me that a lot of speculation and wash trading happens in the conventional NFT sector.

While it may be difficult to address this challenge using conventional means, our focus is on deploying what we have to get to our destination on this journey. Let me help you understand my point. We already have the Shariah Oracle, or you can even call it the HAQQ Oracle. This is an exciting piece of technology that helps ensure Shariah compliance for those using our premier wallet — HAQQ wallet.

With the HAQQ wallet, users can still set their preferences regarding the dApps/contracts they want to interact with. How will this NFT marketplace pull its data feed? The Shariah Oracle! This doesn’t allow unethical transaction practices to leak into the HAQQ wallet. And when you look at it, beyond the wash trading that happens in the NFT space, we have also seen cases of money laundering and other vices facilitated using NFTs. We hope an ethical NFT marketplace layered on HAQQ addresses these challenges.

The last point I would like to cover on this point is the business model. There’s been a huge debate on royalties, fees and other issues per NFTs trading on NFT marketplaces like Opensea, Blur, Sudoswap, Superare, etc.

While I won’t be going into deep details about how our NFT marketplace will operate based on these parameters, rest assured it will be modelled according to Islamic Finance principles for the highest ethical compliance.



5. Islamic Coin envisions providing a “super utility single token.” Could you explain what this means and how it will encourage widespread participation in the HAQQ ecosystem?

A common denominator everyone knows about in this space is volatility. In fact, you hear statements like “Volatility is a feature. It’s not a bug”. Super utility, therefore, is a way to promote the legacy and allow users not only to benefit via the direct and apparent things which are being built but also to be part of the groundbreaking ecosystem that Haqq is already actualizing.

The real builders in this space seldom discuss the price of tokens, even though it tends to excite a large amount of any project’s community. Especially if there’s an upward trend. But what makes or mar any project in this space is the utility(ies), a project’s token powers. The success of Ethereum today can be easily traced to the utilities it allows builders and projects, whether they are creating a dApp focussed on payments, agriculture, education or even healthcare.

For us at Islamic Coin, we have given this some deep thought and therefore structured the tokenomics of ISLM to show we are in this for the long haul. I mentioned the different sectors dApps are disrupting for Ethereum, and where do you think I am going with that?

We understand how important the utility of any crypto token is, which is why we have and are still bagging numerous collaborations and partnerships in every major sector you can think of. MBM in Dubai, FAMBRAS, and more. Our end goal is to power ISLM utility in several areas with different dApps that could be created, fuelling the economic vision of Islamic Coin.

The main premise here is that our audience is really not core web3 natives, which makes sense to ensure regular folks not that savvy with crypto can access and use ISLM. The possible positive effect here is that ISLM may become the first asset that is not dependent on the ISLM price and may even become an internal hedge for web3 natives looking to shield themselves from extreme volatility in some cases. Super utility will not be an isolated benefit but a compounding one which empowers ISLM holders to drastically be a part of the cutting edge of ethical Web3.



6. Transparent governance is a key aspect of Islamic Coin’s approach. How will the project ensure transparency, and what mechanisms will be in place for community involvement in decision-making?

So early on, the narrative we have established is that HAQQ, our L1 Blockchain with ISLM as its native token, is community-run. For us, we pride ourselves in inclusion, which means levelling the playing field. As you may well know, validators run any PoS blockchain. HAQQ, being a PoS blockchain, requires no minimum amount for validators in ISLM to be able to qualify as a validator.

However, only the top 150 validators are selected to participate in network governance. ISLM is instrumental in fueling a governance model that is both inclusive and Shariah-compliant. Members can propose, back, and vote on initiatives, ensuring an ethical and community-driven governance process within the HAQQ Network. Governance on HAQQ with ISLM also covers Evergreen DAO and Shariah Oracle.