Beacon Chain block 135181

Hash

232c345969b0597104b9d6e1db1a97bc472bc8d4c20453a6015f5935c39d420f3...

25 Jul 2022 07:24:59 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.