Beacon Chain epoch

Hash

4201905a6506dabaa70b0d8853799cd043401dab251fd8f5cac88d1cc158eb4b0...

08 Dec 2022 18:36:59 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.