Beacon Chain block 162513

Hash

3ff7ea769e9607c1571dab44134928510fd14e198dd8490f96726d2b8a9ce5817...

23 Nov 2022 18:49:47 UTC (1 year 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.