Beacon Chain staking refers to the process of participating in the Ethereum 2.0 network by locking up Ether (ETH) to help secure and validate transactions. The Beacon Chain is the core component of this upgrade, transitioning Ethereum from a proof-of-work to a proof-of-stake consensus mechanism.

When individuals stake their ETH on the Beacon Chain, they contribute to the network’s security and efficiency. In return for this contribution, stakers earn rewards in the form of additional ETH. The minimum requirement for staking is 32 ETH, although there are options to join staking pools with smaller amounts. Stakers take on the responsibility of validating transactions and creating new blocks.

This process is designed to enhance the overall scalability and performance of the network, while also reducing energy consumption compared to traditional mining. As more users participate in staking, the network becomes increasingly secure, enabling a smoother and more efficient experience for all users.