Beacon Chain block 119853

Hash

e4012b5426b3adf7a4b449f72228f68c3e81d35ae460e8a7398362203addd88ff...

18 May 2022 04:25:47 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.