Beacon Chain block 138862

Hash

2e17795c3d996243727f8b8aa541fe9c4c7627643f6c2321b54470dde6813e777...

10 Aug 2022 16:03:23 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.