Beacon Chain block 122344

Hash

8adf898853c50e9ee8fd303dd5efd691b032bc0ea824ccb02f42f27f31de17bb7...

29 May 2022 06:08:11 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.