Beacon Chain block 124072

Hash

a0dd7f417741cea40386a6fe76ed39bb8745586aace9d9ea33a93a587598dc11b...

05 Jun 2022 22:27:23 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.