Phanerozoic

The Phanerozoic eon is the current eon on the geologic timescale. It is the one in which abundant animal life has existed. It covers about 541 million years, and goes back to the time when hard-shelled animals first appeared. It was once thought that life began in the Cambrian, the first period of this eon. 
The time before the Phanerozoic, formerly called the "Precambrian", is now divided into the Hadean, Archaean and Proterozoic eons.
Details.
The exact time of the boundary between the Phanerozoic and the Proterozoic is slightly uncertain. In the 19th century, the boundary was set at the first abundant metazoan fossils. But several hundred kinds of Proterozoic metazoa have been discovered in the Ediacaran. Study of the Ediacaran biota started in the 1950s. There are three dividing points at the Proterozoic-Phanerozoic boundary. It might be where the first trilobites and archaeocyatha appear; or at the first appearance of signs of burrowing; or at the first appearance of the 'small shelly fauna'. The three different dividing points are within a few million years of each other.
In the Phanerozoic biodiversity increased hugely: 
During the period covered, continents drifted about, eventually collecting into a single landmass known as Pangea and then splitting up into the current continental landmasses.
The Phanerozoic is divided into three eras: the Palaeozoic, Mesozoic, and Cainozoic.