Beacon Chain block 162392

Hash

2f45e13b3eaca58b42eeaad1b506cf37487e8e08adf64154044cd8666d333654e...

23 Nov 2022 05:55:23 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.