Beacon Chain block 110397

Hash

87ac1043ea8eed5d43fbe0b95ac56752d953ae8d9a21357e05fce9c7066e6b4c8...

06 Apr 2022 03:47:23 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.