How Berachain Became One of the Most Popular Blockchains - Ep. 793
Episode publishedPodcast: UnchainedUnchained
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Very much do see Baratune as a many sided die, but that allows for a capital efficient and an application layer focused ecosystem to flourish. So, when I think about it at the end of the day, I do really like that that, you know, canvas for infinite economic games descriptor, and I very much do think about it as an an accelerant for the application layer. Hi,
everyone. Welcome to Unchained, your no hype resource for all things crypto. I'm your host, Laura Shin. We are now featuring quotes from listeners on the show. Today, we have a few comments responding to Mudag Gupta's breakdown of the $1,500,000,000 Bybit hack. On x, Rangers said, $1,500,000,000 in a single wallet was asking for trouble. Basic OPSEC fail. And on YouTube, j u z eight eight two zero one o wrote, if you're going to use AWS, make a proper VPN to your local network and only access it via this interface, allowing just straight from Internet is fucking insane. Use the tools available
Laura. How are you? Great.
Tell us how you got into crypto and came to found BarraChain.
Yeah. For sure. Jumping right into it, I actually started very much on the opposite side of, I guess, the career spectrum, if you will. My original work was in science and engineering for the most part and was actually sort of a health care slash pharma founder for the first half of my career. And so with that, I studied engineering at Waterloo. I spent a a nontrivial amount of time out in the valley building my first company. And I think that it was one of those things where, you know, when you see enough smart people running in a given direction, you question whether, you know, you're the wh
Super interesting all you said there because, yeah, just I I'm so curious who the OG Ethereum person is. Ethereum Foundation person is, but maybe we can talk offline about that. So what problems did you see in crypto that you hoped that BaraChain would solve?
Yeah. You know, I think that Barachain was fundamentally born out of conversations with with power users and developers, which, again, very much came about as an accident of of growing this DeFi adjacent NFT community over time, which is sort of what Barachain came out of. I think the biggest thing that we noted was not necessarily even a a takeaway that myself and my cofounders had immediately happened upon beyond just thinking about how to maximize our yields to some extent, but rather it was that we had both sort of, like, security focused folks and researchers and very defined native folks
So you've been referencing proof of liquidity in your response. Why don't you explain what that is for the listeners?
Yeah. %. A proof of liquidity is a civil resistance mechanism. You want to call it a consensus mechanism in a sense. It is meant to, as you may have heard, align liquidity and security at the chain level. What it fundamentally means is that it sort of turns value flows in a blockchain upside down. In a traditional proof of stake or delegated proof of stake chain or an l one, you know, the block rewards are effectively flowing to the validators and or, you know, the stakers and or the delegates of its depots. In the case of proof of liquidity, application block rewards really flow from the vali
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