Beacon Chain block 137302

Hash

fba7812b41544f8621fd21b0a804bc5f150de81214658fe2e4b7b8fcf37fe1bf6...

03 Aug 2022 17:39:23 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.