Beacon Chain block 162023

Hash

db4d8ef606ffe519050ea78944fde95cbb60ceb19422e222ee44233be97cb8f85...

21 Nov 2022 14:33:47 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.