Beacon Chain block 113164

Hash

22dfbc5ac013a845a324fdaff5b863cd61fa7ac17520746565a712b36e8efd28f...

18 Apr 2022 10:56:11 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.