Beacon Chain block 155214

Hash

39946caf7cd64f13f0888ceca119a79dafdb8b7b1ec5f463965da7ca0c1b0aadb...

22 Oct 2022 08:16:11 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.