Beacon Chain block 150713

Hash

4e6c90e9cddb6d64cd4ab1529f6ac6945c65300998832a313556b3352fa557c8b...

02 Oct 2022 08:09:47 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.