@2077collective

Ethereum Beacon Chain Update: Paving the Way for Ethereum The Ethereum Beacon Chain, launched on December 1, 2020, is crucial in Ethereum’s move to Eth2. It marks the start of the shift from proof-of-work (PoW) to proof-of-stake (PoS). What is the Ethereum Beacon Chain? The Beacon Chain is a new blockchain running alongside Ethereum’s Mainnet, managing the PoS system. Instead of using energy-hungry miners like in PoW, PoS relies on validators who stake their ETH to confirm transactions and create blocks. This shift makes Ethereum greener and more efficient, with the Beacon Chain laying the groundwork before full integration into the Mainnet.

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