Beacon Chain block 150956

Hash

11698f5e152aa355f04cd79e6eb76e2f801d0737b52ded4cdeac3d2440ee930e5...

03 Oct 2022 10:04:59 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.