Beacon Chain block 126432

Hash

87d930faf47fa8334e635c3e886f19de086fa110eada3da3adee60462b3dd0081...

16 Jun 2022 10:11:23 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.