Beacon Chain block 129806

Hash

bdc3b4837d94a673afba4d1e7f36eeaa7ecfa11bd3232278e5740e7b278b3dccf...

01 Jul 2022 10:04:59 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.