Beacon Chain block 170323

Hash

ac63167033b447e385c3dc6d06484c624392383fe3647f1a5eb886ab2bbd3ca27...

28 Dec 2022 11:53:47 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.