Beacon Chain block 168557

Hash

4beff2b931387adbe0c5c099f5a1d96ba452c2df33fc11f41fdf195a389c4e131...

20 Dec 2022 15:31:23 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.