Beacon Chain block 111513

Hash

fc2e00551c8f7738d8fd1e425fdde1719f42fdd349ada40c9081a55adc5414147...

11 Apr 2022 02:49:47 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.