Beacon Chain block 137268

Hash

f3ad93d7594fb02258b8475f5f58080fe492b577af4c2ad4e91f0fe2194ee80bd...

03 Aug 2022 14:01:47 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.