Beacon Chain block 158406

Hash

7c8bcb2360d5ee3dab2700ac695402c53e247dfc757e648c8f55264720b9827a9...

05 Nov 2022 12:44:59 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.