Beacon Chain block 128410

Hash

e1ae3b02b5c4bcf83783dcc56ba3dbaf43be94d102890d91325cd0e95c5f6986d...

25 Jun 2022 05:10:35 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.