Beacon Chain epoch

Hash

61d194f6cf7f85514cd1d28ae4fb7100099e109d14c7e5597e9411a2b227056cd...

31 Mar 2023 07:24:59 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.