Beacon Chain block 138776

Hash

0236a3ef96dcd00c21cb4a59082ee4b9bf0c2b48802deaedcf1122cf4a446435b...

10 Aug 2022 06:52:59 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.