Beacon Chain block 152305

Hash

03d643023b05c371c5576be2ec2b6a5a6fbdd12fe9d7202e70c5382a9661e2254...

09 Oct 2022 09:58:35 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.