Beacon Chain block 164234

Hash

79891b95677a88308498d63c2344081d946b9f6c2f2d7d47a1b7c3a1bb01029d9...

01 Dec 2022 10:24:11 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.