Beacon Chain block 152690

Hash

322420af54fa5cb3bc438dd0093186d478c5e2dc3273b8ea2bcbc6e531289e31e...

11 Oct 2022 03:02:35 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.