Beacon Chain block 149596

Hash

73c276738e14c94173ee23691814177504734db1d52d3c05dc76c3169b2adfbf3...

27 Sep 2022 09:00:59 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.