Beacon Chain block 126477

Hash

cf96b848897ec58e37e154e092442285a70000d17a8c72a16fd43a64bed32c85f...

16 Jun 2022 14:59:23 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.