Beacon Chain block 140256

Hash

329004212521938bfb77e4a305bb6d5e8e0132cf1fa60f476ac5b65a9c4e9f3a0...

16 Aug 2022 20:44:59 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.