Beacon Chain block 135027

Hash

e5865f9c96bfe97d90cd0695c30823ba5b0435d31f414721d79fcd0c165feeca4...

24 Jul 2022 14:59:23 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.