Beacon Chain block 152722

Hash

6c9c638f62817534d95d36adabe8e0e52aff4f55751c91fe4e4cf005e18e7640e...

11 Oct 2022 06:27:23 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.