Beacon Chain epoch

Hash

ecfc999ca74341b14a0ce04c677b889face2e7784e79d375fbf5fa5f0468139b9...

12 Dec 2022 19:08:59 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.