Beacon Chain block 166114

Hash

e13fb75aa5a05a473e890941633cef50a25f3b2971264f00751947162609b09ba...

09 Dec 2022 18:56:11 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.