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.
Blockchair News
![Discover the Top 5 Cryptocurrencies Set to Explode in January 2025 [Updated List]](https://loutre.blockchair.io/w4/storage/news/m6vjwvnyz7yu93ya.png){kind=small}
