Beacon Chain block 150333

Hash

027a464099c692867ed508f98b4f8b417ca513a605720ca8caab4eb54c292c3be...

30 Sep 2022 15:37:47 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.