Beacon Chain epoch

Hash

607734ac619e78e34809e8af069de23b64ea1dfcf808e8d3ef0a7f700ead2f334...

21 Jul 2022 07:50:35 UTC (2 years ago)

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The Beacon Chain is a key component of the Ethereum 2.0 upgrade, which introduces proof-of-stake to the network, fundamentally changing the consensus mechanism from proof-of-work to a more energy-efficient system. It acts as the central coordination and consensus layer, managing the network of validators, their stakes, and providing the backbone for shard chains to ensure scalability and security for the entire Ethereum ecosystem.