Beacon Chain block 146370

Hash

04d75b24e755eec30d755575045597535512c0046715890f40d5250d4e5b04e2f...

12 Sep 2022 16:37:12 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.