Beacon Chain block 138017

Hash

76362a07a522ebd80110ec42dc60ffcf0e92e1cb009bb3ccb73915ea470975583...

06 Aug 2022 21:55:23 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.