Beacon Chain block 159377

Hash

3d8c1f1b3cd99c2f4433616d35dc51d2a6f18f88e4ab0cb40b669d6e2896f1496...

09 Nov 2022 20:19:23 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.