Beacon Chain block 156074

Hash

c9980da13d9a5de513cc126413c57a307fa9c41fe35d91ab2c9d766595d8d4ff6...

26 Oct 2022 04:00:11 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.