Beacon Chain epoch

Hash

5dfc64c02d410c8222c615a7ffce49a6d0c88f4628ede44557a36415165caa271...

05 Jan 2023 22:59:23 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.