Bybit LearnTopicsLatest HappeningsBlogBybit GuidesExpertsEcopedia
Log In
Sign Up
Home GlossaryCurrent Page

Beacon Chain

Beginner
Glossary
Nov 13, 2023
4 min read
0

Introduction to Beacon Chain

The Beacon Chain represents a pivotal innovation in the world of cryptocurrencies, introducing a new layer of functionality and efficiency. This guide aims to provide a comprehensive understanding of the Beacon Chain, its implications, and how it fits into the broader cryptocurrency landscape.

What is the Beacon Chain?

The Beacon Chain is a core component of Ethereum's transition to a Proof of Stake (PoS) consensus mechanism. It's designed to improve scalability, security, and sustainability of the network.

Key Features of Beacon Chain

Grab Up to 5,100 USDT in Rewards

Also, enjoy 555% APR on Bybit Earn products!

Start Earning Now