Beacon Chain block 117431

Hash

e3ab86a53abf602089b1d90198e1082b25736df221adb9ad99eb56b8e5aba7623...

07 May 2022 10:04:59 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.