Beacon Chain block 134997

Hash

7e22cc57c92dae76133259a6d087570f49be2f21b9276b67a1af79d1441b7ff3d...

24 Jul 2022 11:47:23 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.