Beacon Chain block 129727

Hash

459f26db305cfd3c2dd925a71fd1d9b758fcb50f49cea70bca3a6d208ef0dffd5...

01 Jul 2022 01:39:23 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.