Beacon Chain block 131661

Hash

7263be4a438e4d913a052b7ff3ec2cb5598ff22539701bcc760d8c328c8fec48d...

09 Jul 2022 15:56:59 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.