Beacon Chain block 139508

Hash

7e624593a8cc09dc1a82000a22d7873d5891ff2d3b8f62eadbbb9156f150b544d...

13 Aug 2022 12:57:47 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.