Beacon Chain block 154419

Hash

7bece41bfd7bd32812e4fa8be712879d48bdb94c6872cdfef95bd854bfeef4b01...

18 Oct 2022 19:28:11 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.