Beacon Chain block 131183

Hash

c58c75fb9d669a958175e95bbee433b0c7997b611adc9f16e455761cbbec2d687...

07 Jul 2022 12:57:47 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.