Beacon Chain epoch

Hash

9253924dcc7a1838a719defecb7ee2812681e374d775d0539981ff0970c43a5b7...

04 Apr 2023 16:48:11 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.