Beacon Chain block 152038

Hash

1dfbdcf97a15ec7b6ca13cd31bf05b0acb8ec5804a452b5aa6dafdadda57047be...

08 Oct 2022 05:29:47 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.