Beacon Chain epoch

Hash

f1da42c1997669b96c9ba64d551c92b1d6e74ac8a0ff4a2c893da4b93c9947eb5...

28 Oct 2022 21:29:47 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.