Beacon Chain block 143492

Hash

a7fb762407022b39a092eb7ebf8ffb5b08ab489b0fbbad3392ed3662574a20b75...

31 Aug 2022 05:55:23 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.