Beacon Chain block 118230

Hash

24ea37b8e51896b8fe4c5799c20107048f965d8536c40dd1dd359449efdd86341...

10 May 2022 23:18:35 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.