Beacon Chain block 109395

Hash

02746adef385db71a83415818c2a23baf285c50be7c13e9704b0291e4a76a7473...

01 Apr 2022 16:54:35 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.