Beacon Chain block 141806

Hash

d6b580ed950e351d11fa6bf032264c322bb6da891a1743abe560baf3831607cfe...

23 Aug 2022 18:04:59 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.