Beacon Chain block 139324

Hash

400d68445533a3cea2e38cc3d2fd5510f5953c5e0a9737ef2db3263fbc045fca7...

12 Aug 2022 17:20:11 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.