Beacon Chain block 161008

Hash

d94750a588a2f35cf0bf8142038c0eee875a48d1065c35c6b51d78952792d94a7...

17 Nov 2022 02:17:47 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.