Beacon Chain block 170421

Hash

1ed8a1db4477e818d6c9571f34f02bc51fe7ed4edd1142352ecfea3d4c80ee73a...

28 Dec 2022 22:20:59 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.