Beacon Chain block 302226

Hash

3356529761fd73bedc6dd6999b0df0f4dc801f2c8a39e94d3a8a5ecf9fb052a3c...

05 Aug 2024 17:32:59 UTC (5 months 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.