Beacon Chain block 154201

Hash

ea839768ce51bd5a0ce089f2d9ecf471690b04ed2b65f47bc655d58ab71d1653b...

17 Oct 2022 20:12:59 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.