Beacon Chain block 140014

Hash

adf234023cb38d1c48f4509c698687543cfd98a5abe17a816710c9353ca58e426...

15 Aug 2022 18:56:11 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.