Beacon Chain block 163440

Hash

7e6f545ac1fda660c5b9d49160f0c516027ae9e4cc78d42e21c3858ab8abd47c0...

27 Nov 2022 21:42:35 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.