What is Beacon Chain? The Beacon Chain is Ethereum’s proof-o | Binance futures & spot signals

What is Beacon Chain?

The Beacon Chain is Ethereum’s proof-of-stake (PoS) layer where consensus is reached. It controls and coordinates the network of Ethereum stakers who help validate and secure the network in exchange for staking rewards.

The Beacon Chain went live on December, 2020 and is the first in a series of major upgrades (previously collectively known as Ethereum 2.0) to increase Ethereum’s ability to handle transaction loads more sustainably.

Although the Beacon Chain (previously known as Eth2) is an independent layer that runs parallel to Ethereum’s execution layer (previously known as Eth1), it will be connected to the Ethereum mainnet in an event known as The Merge.

If you are interested in validating the Beacon Chain, you can do so by staking your ether (ETH). As a validator securing the network, you will be in charge of storing data, processing transactions, and adding new blocks to the blockchain.
@binance_futures_spot_signal