Beacon Chain block 111714

Hash

1937fec71868f875c3383a3bb140c851d184ccd6953c05a35f184ae0533a0468b...

12 Apr 2022 00:16:11 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.