Beacon Chain block 311446

Hash

a907af07acda1ba1d0143d95cb24a00700e07eb18f9c803cf43a047e4ebb6ffd1...

15 Sep 2024 17:00:59 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.