Beacon Chain epoch

Hash

a31ad94ef43421824114603af6c8a2f8452c4eb3df6feb7600d65886d21f4062e...

04 Jan 2023 07:31:23 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.