Beacon Chain epoch

Hash

f33f2120f099fae570d65e08fc89b258cea1935eecf18dc72ef706cb6973d4b04...

19 Aug 2022 05:48:59 UTC (2 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.