Beacon Chain block 122295

Hash

b3cc4c58ba43a31e7eb612f8142e2ecee23e50771fe17247303a1e5337d992acd...

29 May 2022 00:54:35 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.