Beacon Chain block 153571

Hash

dbd9f0ec9c0e1c9a15995f04d1a9cbb7f3e2fa769f156711defa297516d09cc07...

15 Oct 2022 01:00:59 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.