Beacon Chain epoch

Hash

f5cde13dd5f56755c4fd5534f741e79aa4e2e9a108a17fe70925aac8f7b4465bd...

16 Feb 2023 22:40:11 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.