Beacon Chain block 170256

Hash

4b260fb5d3ea1256377f559b6e492c7c91702f445c19d6cae8f5a39e92e40b102...

28 Dec 2022 04:44:59 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.