Beacon Chain block 153631

Hash

5839256e0e8a2fac7f37073b41f832fe773a0b21bb6ec08fc807364a9001b3c56...

15 Oct 2022 07:24:47 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.