Beacon Chain block 161748

Hash

811bbf366b2e7d1c700a9cb7a61cc1f44ce7302df0842d3fa1bc289eaf3935abb...

20 Nov 2022 09:13:47 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.