Beacon Chain block 134199

Hash

119b29bf55ec2fb640a387305c97ea1a639e0aadb72216c9dbacdfc1f292b413e...

20 Jul 2022 22:40:11 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.