Beacon Chain epoch

Hash

ed4922445054151e68c75e77f2c84219dc3f7c251920cce8c61b097daa987bbcc...

22 Jan 2023 04:57:47 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.