Beacon Chain block 135163

Hash

d4a180f554f1498804a628b28929aba5e6db79727aa86df09d9f285b856ad1aa4...

25 Jul 2022 05:29:47 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.