Beacon Chain block 107831

Hash

021aba56dff42493a769eb88543d6020e0a18a3d57fc2e6795a1ef52ed97b4f11...

25 Mar 2022 18:04:59 UTC (2 years ago)

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The Beacon Chain is a key component of the Ethereum 2.0 upgrade, which introduces proof-of-stake to the network, fundamentally changing the consensus mechanism from proof-of-work to a more energy-efficient system. It acts as the central coordination and consensus layer, managing the network of validators, their stakes, and providing the backbone for shard chains to ensure scalability and security for the entire Ethereum ecosystem.