Beacon Chain block 121169

Hash

af21ffaeca225cc1bdf162c680e4548d4748666a79c739b795e0b6e86f82994e4...

24 May 2022 00:48:11 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.