Beacon Chain block 135531

Hash

10ead9c8c96a4ebf196fcfb22bfb80d8607cdc87f157a8862d4e754b98a177cc3...

26 Jul 2022 20:44:59 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.