Beacon Chain epoch

Hash

0c666fb78fbaf4a2f9aa52692d7641027ab15eedd2cf1411ad3691232ca1f9f1f...

24 Jan 2023 10:49:47 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.