Beacon Chain block 165834

Hash

2dfbb682eb4919081e9ce0d8d55f06736b9d1853149bf3959e14e13c9e066365f...

08 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.