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sofyarose
16 posts
May 26, 2023
2:16 AM

Essentially it is a PoS consensus layer that handles a network of stakers. In order to understand what the Beacon Chain can do for the network, it’s important to understand the problems that the network currently faces. Right now, Ethereum’s consensus layer is what’s known as a Proof-of-Work consensus layer, same as Bitcoin’s.
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