Beacon Chain block 139325

Hash

7401bebfae6ecd5a8fe8993f9eaadfc2be1d9cb979b228d528d10e155478c067f...

12 Aug 2022 17:26:35 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.