Beacon Chain block 169532

Hash

2993ba1448cd782959cd588c8c4d9ba2a87c0c5dfce25b16ad17e12da3559dbd7...

24 Dec 2022 23:31:23 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.