Beacon Chain block 150565

Hash

978e58152157cfc6fc07713cabe2bc00b9f26527971621d9e2d8d9b3564e757da...

01 Oct 2022 16:22:35 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.