Beacon Node

A Beacon Node is a crucial element in the Ethereum 2.0 network. It plays a significant role in maintaining the Proof of Stake consensus mechanism by participating in the validation and finalization of transactions. The Beacon Node is responsible for proposing and attesting to blocks, as well as participating in the consensus protocol to secure the network.

In simpler terms, the Beacon Node acts as a sort of coordinator within the Ethereum 2.0 network, helping to ensure that all transactions are processed correctly and securely. It aids in the overall operation and security of the network by playing a central role in the consensus process.

Without Beacon Nodes, the Ethereum 2.0 network would not be able to function properly, as they are essential for ensuring the integrity and security of transactions. In essence, they are the backbone of the network, helping to keep everything running smoothly and securely for all users involved.