Beacon Chain epoch

Hash

d30cf6820c61d12ce46b6c12a1ceed404212554bc0aea4347fae7f0e95b59f488...

06 Nov 2022 08:54:35 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.