In cryptocurrency, an Epoch is a specific period of time within a blockchain network’s operation. It is commonly used in Proof of Stake (PoS) based cryptocurrencies to refer to the duration of a certain number of blocks being created and validated by the network.
During an Epoch, validators take turns proposing and voting on blocks to add to the blockchain. Once a certain number of blocks are successfully validated, the Epoch is considered complete and a new one begins. This process is essential for maintaining the security and integrity of the blockchain network.
Epochs help to facilitate the smooth functioning of the blockchain network by organizing the validation process into manageable time frames. By dividing the blockchain operation into epochs, the network can efficiently reach consensus on the legitimacy of transactions and maintain the decentralization of the system.
Overall, Epochs play a crucial role in the operation of Proof of Stake cryptocurrencies by providing a structured framework for block validation and ensuring the network’s security and reliability.
