Beacon Chain block 131095

Hash

7937113e4c535efb6856d434e84eb4610279bbc54eaa3c071b1131a1320ab0055...

07 Jul 2022 03:34:35 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.