Beacon Chain block 118644

Hash

7a8446cc505ce32c6014fc07d4dd3be189dbe822453729939adc47cd1712a5ddf...

12 May 2022 19:28:11 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.