Beacon Chain block 134492

Hash

3d79f0e31e77b04698d9997d9db352a87837ec0427943772fa1d18681670144e5...

22 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.