Beacon Chain block 115306

Hash

99022d25b49492cbaa0c58cef50254de1d9338c2773ccc236284404805da0b757...

27 Apr 2022 23:24:59 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.