Beacon Chain block 145463

Hash

0fea2f3c7b8649da4be56df0f306f8aff40086ebab8505ea6e958d17ba12a89ab...

08 Sep 2022 10:13:38 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.