Beacon Chain block 157405

Hash

7a75ed97d953284a204617dfd8cb4a76adc3585d46d099946b1387de9d4bbba83...

01 Nov 2022 01:58:35 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.