Beacon Chain block 131792

Hash

76934f48813fe20affd17ebe9d136bd49f85ba7ca1cd13e9377174a45ccb60393...

10 Jul 2022 05:55:23 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.