Beacon Chain block 170420

Hash

a7a8c79cc08c76b6b36b65b5c603c83f59269f060d38432cfd403e4c28214d4f8...

28 Dec 2022 22:14:35 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.