Beacon Chain block 115937

Hash

572e321e36f6a87fef0f856b8f397fdeee88e88b87daf2c051e6fd8e7868773fb...

30 Apr 2022 18:43:23 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.