Beacon Chain block 127899

Hash

51b2a97d816bd59ada70df09c82f46d787e3a07053bb8443790ea647b6b4a7bb1...

22 Jun 2022 22:40:11 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.