Beacon ETH (BETH) is a cryptocurrency token representing a user’s stake in the Ethereum 2.0 (Eth2) Proof-of-Stake blockchain. It is a one-way, one-to-one peg to Ethereum (ETH) locked in the Beacon Chain, the PoS blockchain that will eventually merge with the current Ethereum mainnet to form Ethereum 2.0. BETH is used to denote a user’s stake in the Ethereum 2.0 network and as an incentive for users to participate in securing the Ethereum network, as they receive staking rewards in the form of additional BETH. Holding BETH also enables users to participate in Eth2 governance proposals.
