Beacon Chain epoch

Hash

96c994c11f3719e293afd2a101f32d93dd9a5eb5863d2413857e50eaaea63c0dc...

01 Feb 2023 14:46:35 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.