Beacon Chain block 163818

Hash

db29441dcc7658e447cadf4a8e026f51ced01c97eaf2db79658555a6503b6b9dc...

29 Nov 2022 14:01:47 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.