Berachain | Crypto

Berachain launched the first stage of its PoL Next upgrade, which will phase out the BGT token and shift the network's reward system to WBERA. Berachain is preparing a hard fork that will replace its dual-token incentive model with one centered on its main BERA token. Set for Wednesday at 4 pm UTC, the hard fork will end Bera Governance Token (BGT) emissions and shift the network's incentive system to Wrapped BERA (WBERA), the Berachain Foundation announced in a Tuesday X post. Following the upgrade, the network will distribute fixed amounts of WBERA instead of BGT as block rewards. The change replaces Berachain's previous dual-token model, which split the network's functions between the transferable BERA token and the non-transferable governance token BGT. Read more

Berachain has executed an emergency hard fork following the Balancer V2 exploit, pausing liveness as validators have upgraded and core partners prepare for reconnection. A white-hat MEV operator has agreed to return compromised funds to the Berachain deployer. The post Berachain’s Emergency Hard Fork Traps Hacker, Freezing Funds From Balancer V2 Exploit appeared first on Cryptonews.

A new Berachain governance proposal introduces a preconfirmation layer that would cut inclusion times to 200 milliseconds, making transactions feel nearly instantaneous. The Berachain community is rolling out a proposal to slash transaction inclusion times from two seconds to about 200 milliseconds, joining a wave of blockchain networks aiming to deliver near-instant transaction feedback.  The proposal, “BRIP-0007: Berachain Preconfirmations,” outlines the implementation of an optional “fast lane” for users who want speed without compromising the chain’s core security guarantees.  It introduces a mechanism that allows transactions to appear confirmed in under a second, making decentralized finance (DeFi) swaps, onchain gaming interactions and other latency-sensitive applications feel as responsive as traditional Web2 apps.  Read more