Beacon Chain block 153567

Hash

b5e7ce377852e5c93792aa7a0178bc8e9af75ab5c44724ca64611d5b17dc6093d...

15 Oct 2022 00:35:23 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.