Beacon Chain block 144417

Hash

9e15dc3df1432b8e0d6c2d321ce3d2ffa97faf23724a127b1a64eb92ab670ffc0...

04 Sep 2022 08:35:23 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.