Beacon Chain block 139707

Hash

75f5dc4284d2848da30762733d3f30864c2e9513fadca9f0aa456a17d27e77bba...

14 Aug 2022 10:11:23 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.