Beacon Chain block 152859

Hash

a2177401c2fe8ded8ce8ed1e492bd47f93998b36909ffe224004144253052a36b...

11 Oct 2022 21:04:11 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.