Beacon Chain block 115304

Hash

e456a61b28421caa712f601cf6cec4a502b8eb72c41a746ad08f598d382510869...

27 Apr 2022 23:12:11 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.