Beacon Chain block 159566

Hash

17f7ef5cbddf4d7f9a20971b008ca5d187e76faad873f7bacf697ceeb6487b5db...

10 Nov 2022 16:28:59 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.