Beacon Chain block 111858

Hash

76f047415b1a8e91ae489463c2b4d90bec77e8bb883e11647a61cf5e5bb9266df...

12 Apr 2022 15:37:47 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.