Beacon Chain block 127900

Hash

40d5faf1e35350684b04323c4d88d8d8956261ee7aa0416160ac15690cd7d0396...

22 Jun 2022 22:46:35 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.