Beacon Chain block 118892

Hash

93a471fa95b98181289bbcbb3b7dc2988f6d9004ea2e3bfe318572687104b0bd4...

13 May 2022 21:55:23 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.