Beacon Chain block 166363

Hash

f72e88a967991da99939d86179198bb2f9e3b1a0349e822e414e07a8aff212a16...

10 Dec 2022 21:29:47 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.