Beacon Chain block 159753

Hash

660808e965cc6d43b7ad2cd842e2180e84ca2a1e3a31b6d76574e88f77c411e08...

11 Nov 2022 12:25:47 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.