Beacon Chain epoch

Hash

f02f18e49722e63819df5e16a7265b8fa6c529df8bc3b0d710233f1aff198fafe...

16 Aug 2022 09:39:23 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.