Beacon Chain block 169050

Hash

f7666f5c9be720dcf3e982870eb7ffb1e836aaae5956343234a265ad5b60890e8...

22 Dec 2022 20:06:35 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.