Beacon Chain block 157758

Hash

4c7dbe6d989376236cbc1e5af0c8f186e45a3e308c320ed5d1c7603f82b45acaa...

02 Nov 2022 15:37:47 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.