Beacon Chain epoch

Hash

8ff51e9ba8b694bfe1bc547453993d85803d2a1f91740e474f0438cb13bfe6c37...

16 Jan 2023 16:48:11 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.