Beacon Chain epoch

Hash

5b2cd84b5e3404168cf5c98eaf17acd78608612b743fb7cdcd910d51e7a06e46e...

22 Jan 2023 22:52:59 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.