Beacon Chain block 130581

Hash

c25277c709ba0abc70b230fcf8e66e15c7302568428df432170e43aefbf661e0a...

04 Jul 2022 20:44:59 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.