Beacon Chain epoch

Hash

1049e31be59e89b42260d755ab7d2a97f97e8cf1b40a82a82d3ed7a7ff1cd56ff...

11 Mar 2023 21:04:11 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.