The chronostratigraphic scale is an agreed convention, whereas its calibration to linear time is a matter for discovery or estimation. We can all agree (to the extent that scientists agree on anything) to the fossil-derived scale, but its correspondence to numbers is a "calibration" process, and we must either make new discoveries to improve that calibration, or estimate as best we can based on the data we have already.
To show you how this calibration changes with time, here's a graphic developed from the previous version of Fossils give us this global chronostratigraphic time scale on Earth.
That last, pink Precambrian column, with its sparse list of epochal names, covers the first four billion years of Earth's history, more than three quarters of Earth's existence. Paleontologists have used major appearances and disappearances of different kinds of fossils on Earth to divide Earth's history -- at least the part of it for which there are lots of fossils -- into lots of eras and periods and epochs.
When you talk about something happening in the Precambrian or the Cenozoic or the Silurian or Eocene, you are talking about something that happened when a certain kind of fossil life was present.
Just like a stack of sedimentary rocks, time is recorded in horizontal layers, with the oldest layer on the bottom, superposed by ever-younger layers, until you get to the most recent stuff on the tippy top.
On Earth, we have a very powerful method of relative age dating: fossil assemblages.
With this kind of uncertainty, Felix Gradstein, editor of the For clarity and precision in international communication, the rock record of Earth's history is subdivided into a "chronostratigraphic" scale of standardized global stratigraphic units, such as "Devonian", "Miocene", " ammonite zone", or "polarity Chron C25r".
Unlike the continuous ticking clock of the "chronometric" scale (measured in years before the year AD 2000), the chronostratigraphic scale is based on relative time units in which global reference points at boundary stratotypes define the limits of the main formalized units, such as "Permian".A few days ago, I wrote a post about the basins of the Moon -- a result of a trip down a rabbit hole of book research.Here's the next step in that journey: the Geologic Time Scales of Earth and the Moon.If an impact event was large enough, its effects were global in reach.For example, the Imbrium impact basin on the Moon spread ejecta all over the place.The science of paleontology, and its use for relative age dating, was well-established before the science of isotopic age-dating was developed.