Beacon Chain block 129223

Hash

79e7846445f1d3c3c19c6301e521dfb8fbdcb301327472d7f89ae6c3c6ba9ac32...

28 Jun 2022 19:53:47 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.