Beacon Chain block 168766

Hash

30ca7d2bb7eb1d5d710a87787f7893af10dc0531ed27e98756c337556c4287271...

21 Dec 2022 13:48:59 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.