Beacon Chain block 136710

Hash

774ef2e9d48a3454a69be65076a7e5bc9bd2de5cf0a619bcdc71e645f036fc256...

01 Aug 2022 02:30:35 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.