What is a beacon chain?

Ethereum Advanced

The Beacon Chain is one of many key upgrades on the coronary heart of Ethereum’s Consensus Layer and is chargeable for managing the brand new proof of stake protocol. The mind of the operation, the Beacon Chain manages the entire exercise on the community, chargeable for creating new blocks and ensuring these new blocks are legitimate and rewarding validators with ether for maintaining the community safe.

The Beacon Chain went stay on December 1, 2020, introducing proof of stake to the Ethereum ecosystem. With this method now in place, the subsequent section of the improve is targeted on bettering the capability of the community and making it sooner and extra scalable with shard chains. 

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