Beacon Chain block 166646

Hash

e765fd3adadc1478f49fcb04b7182f1ea0f5452ddf10b4a7635fc0f784caa8951...

12 Dec 2022 03:40:59 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.