Beacon Chain block 156583

Hash

9fbe4ed2fabdeac36a69967bfbd07b14cb24fce257d1040b82619800ff1bb65fa...

28 Oct 2022 10:17:47 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.