Beacon Chain block 114169

Hash

166235423ead015089cd51b3b1a407610c36a078d7501e94de2e15a65a0554e6e...

22 Apr 2022 22:08:11 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.