Beacon Chain block 165159

Hash

d50405b81ae991b7dd70322d83c4c6d7c74107910a965bc0fed15e806838b292a...

05 Dec 2022 13:04:11 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.