Beacon Chain block 153810

Hash

87263ad0a1726a5bb06dcaf5a4e0402d49e29592895e6d80a72b841834b441f51...

16 Oct 2022 02:30:35 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.