Beacon Chain block 138085

Hash

fabe2e1997bc8e875cfd26b135d0fb470e7bc19f4eaace71c362dce4e485bac82...

07 Aug 2022 05:10:35 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.