Beacon Chain block 111407

Hash

0c4e0c74d13b2a4b29ab9e620c2f08ab9fed0cde685bca02eecef168596b5ee45...

10 Apr 2022 15:31:23 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.