Beacon Chain epoch

Hash

e71295392db1d8fa33f01ee8a27742d5e2173ff934e740b4d67036d450d59c6b3...

17 Oct 2022 10:24:11 UTC (1 year 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.