Beacon Chain block 120612

Hash

a88acbdfa89be5071a619f2a4203544b17d6ca6d6130819750a2336ff9287d98d...

21 May 2022 13:23:23 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.