Beacon Chain block 164211

Hash

b78ca18d1f5d6b567e65be2391c6f782f1bee23e79f729587b0fe1b9ce50499ce...

01 Dec 2022 07:56:59 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.