Beacon Chain block 128441

Hash

a15be073855b7da5de5b4cfb5ad69c79f8d7ca5d81f1ab74fb3da0dcba9766acf...

25 Jun 2022 08:28:59 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.