Beacon Chain epoch

Hash

514f5f0bfa05708d006a8539b1abdbef172f478c5ad09b8b9b68e584e687de0b7...

21 Jul 2022 21:36:11 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.