Beacon Chain epoch

Hash

66c19ea3b727d4dd002d3d27955e8934f66567ade7c85d5fe74ea802aee73e313...

27 Feb 2023 02:36:59 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.