Beacon Chain epoch

Hash

8d8df0614a245b3e8c26acb597f314911ff0ec94fbeb4ba853732b84389200ad0...

03 Aug 2021 06:01:47 UTC (3 years 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.