Beacon Chain block 122993

Hash

35145fb46e5b818ddc02f61820cfdebb65790d4e998c2344123c7521c5761e5da...

01 Jun 2022 03:21:47 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.