Beacon Chain block 139204

Hash

f2cb5aa5b12a5e72c501b89097749735d7ddf329c5c6a9e59baca67d94f5cfac6...

12 Aug 2022 04:32:11 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.