Beacon Chain block 112907

Hash

fab1a2026cae57874b13ce34f657ea6ecb2fbe5fe55f2129638fe2b5dc72741f6...

17 Apr 2022 07:31:23 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.