Beacon Chain block 151410

Hash

e98309ec0a47561793177c946274b8e675e7854ecba38b16a7bd771780ca25a73...

05 Oct 2022 10:30:35 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.