Beacon Chain block 141390

Hash

ecb0cb5a098d6de350db681ccfe02475a926dabb2244422776c9a787b0b03c24b...

21 Aug 2022 21:42:35 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.