Have you heard of Beacon Chain ever? Well! You may find it new for you but probably ETH or ETH 2.0 are the names that probably every trader knows. Let me tell you that Beacon Chain was first launched on Dec 1, 2020, as a trial to introduce the PoS (Proof-of-Stake) to the ETH network which was previously employed on the Proof-of-Work mechanism. Proof-of-Work is not that much great as Proof-of-Stake in some aspects so to improve the scalability, efficiency and speed of the Ethereum network, ETH employed the PoS which improvised the efficiency of the ETH network, and this version of the ETH latterly known as ETH 2.0.
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