Beacon Chain block 147537

Hash

9b171c6df783e979bfc43cf60d31af37b6204d759e0fa639163c4ceb265132847...

18 Sep 2022 05:23:23 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.