Beacon Chain block 124104

Hash

4d132ef2b08e6da99001d5e1d45b01286f5102b8ebba9d5ec32b5f570544de97f...

06 Jun 2022 01:52:11 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.