Beacon Chain block 125804

Hash

7c305b8c8421d5a34d18d4510cb6a88a0ad0dc4cc490420ff7494c4ab6b1a6d5d...

13 Jun 2022 15:12:11 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.