Beacon Chain epoch

Hash

d736953ba3c02f6ae1b4968e1260f863d2f98909c67c412f3759b04be6b22a7ef...

02 Mar 2023 01:00:59 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.