Ethereum is not only a payment system, but also a base for the affordable implementation of blockchain technology. Ether is a cryptocurrency of the platform and is second only to Bitcoin in terms of market capitalization. The possibilities of using Ethereum as a community-driven technology are constantly growing because everything that can be owned can be presented, sold and used as non-interchangeable tokens.

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The beacon chain did not "halt", to suggest that it did is willfully spreading misinformation. Finalization was delayed for 3 epochs (about 19 minutes), and was recovered after turbulence. End users would have no idea this happened and transactions continued normally.