Beacon Chain block 165645

Hash

026ecec45a388c3e0dc079f8b71cc6f7d19edc48745e8c825441e16535d6438b8...

07 Dec 2022 16:54:35 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.