Beacon Chain block 135162

Hash

457ab6f977edbf4abd12f3f03d3cbf17e29eb7763e7195df19d555177e15cc37b...

25 Jul 2022 05:23:23 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.