Beacon Chain block 126701

Hash

d34fd0e8e8512bc3762700317ec39d784e82c07dfc07de82535124ba41d8d14cb...

17 Jun 2022 14:52:59 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.