Beacon Chain block 132053

Hash

9ce62e963858ec50efe4cff67094a5db38d96f4243c0912318fd7bab3609097cb...

11 Jul 2022 09:45:47 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.