Beacon Chain block 149165

Hash

660601cf15e3976dbf0111a9a4295e1ca5110329eb6a5980b184e367a80121d2e...

25 Sep 2022 11:02:35 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.