3/30/2023, 11:47:59 AM

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Beacon ETH is on the rise this week.

The price of Beacon ETH has risen by 2.85% in the past 7 days. The price increased by 0.07% in the last 24 hours. In just the past hour, the price grew by 0.30%. The current price is $1,790.13 per BETH. Beacon ETH is 60.57% below the all time high of $4,539.67.

The current circulating supply is 0 BETH.


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What Is Beacon ETH (BETH)?

Beacon Chain is the network that introduces staking/locking of digital currency with the help of network nodes to the Ethereum blockchain. In fact, Beacon Chain is the core of the Ethereum 2.0 chain. As the whitepaper suggests, Ethereum 2.0 is in three phases. Beacon Chain is phase zero, which is a validator address.

The Beacon chain manages a consensus algorithm, i.e., proof-of-stake (POS) protocol, for itself and all the shard chains. Shards are the independent smaller portions of the split blockchain network. Shard chains are subset nodes that validate and process transactions with virtual miners and validators assigned to the shards. Thus, the Beacon Chain aims to conduct and coordinate the expanded network of shards and stakers.

The Beacon Chain is a foundational component for the secure, sustainable, and scalable Ethereum network. The ecosystem intends to introduce staking and become a validator, and then a miner, to secure the chain through PoS mechanisms. Moreover, the ecosystems seek to set up shard chains on PoS to increase the network's capacity and improve transaction speed.

The primary responsibilities that Beacon Chain aims to attain are:

  • Managing validators and their stakes;

  • Nominating the chosen block for each shard at every step;

  • Organizing validators into communities to vote for the proposed blocks;

  • Applying and managing PoS protocol consensus for the chain and shards;

  • Monitoring the behavior of the validators and providing incentives for maintaining good behavior and penalties for not performing tasks;

  • Supporting cross-shard transactions;

  • Maintaining security when sharding a blockchain, protecting the system from any attack. BETH is the token powering functioning of the Beacon ETH ecosystem. Users can stake and use BETH for running PoS consensus on the Ethereum blockchain.

History of Beacon ETH (BETH)

Beacon ETH is a phase of the Ethereum 2.0 version; therefore, the team behind Beacon is the same as Ethereum.

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What is the current price of Beacon ETH?

We update our Beacon ETH to USD currency in real-time. Get the live price of Beacon ETH on Coinbase.

What is the market cap of Beacon ETH?

The current market cap of Beacon ETH is $0.00. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Beacon ETH?

The all-time high of Beacon ETH is $4,539.67. This all-time high is highest price paid for Beacon ETH since it was launched.

What is the 24 hour trading volume of Beacon ETH?

Over the last 24 hours, the trading volume of Beacon ETH is $11.13M.

What other assets are similar to Beacon ETH?

Assets that have a similar market cap to Beacon ETH include WorldCoin, BattleMechs, Mute, and many others. To see a full list, see our comparable market cap assets.

How many Beacon ETH are there?

The current circulating supply of Beacon ETH is 0.

Can I buy Beacon ETH on Coinbase?

No, Beacon ETH is not currently available on Coinbase, but you can sign up to get the latest news on Beacon ETH and be notified when it gets added to our exchange.