Beacon Chain epoch

Hash

6fc29dbce962a6592a17699351a55074cfe8059c06a5fcbb29fa96388dd2a69ac...

09 Feb 2023 17:00:59 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.