Beacon Chain block 158317

Hash

08b9cfab7cadfbd514af1e4b6237bf2ba4cbaff2123c0e493e9a35e6f8bb485ab...

05 Nov 2022 03:15:23 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.