Beacon Chain block 168819

Hash

fc602707d7dabdaf3c9157b16fd46c4c515b0100fb5d9364ad5f7c9fc0c5e49f9...

21 Dec 2022 19:28:11 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.