Beacon Chain block 119510

Hash

e5775f4b3e8b17a90a5cfbbae8ce6872bc2d4010f94ee403b0cfbd79810a62819...

16 May 2022 15:50:35 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.