Beacon Chain block 135967

Hash

b34d56d570e86c9b68a354590132de63e3dbae2ba0c9cc5cafcfc9b643e947ee7...

28 Jul 2022 19:15:23 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.