Beacon Chain block 170682

Hash

5c7616a82c64bd64d96e0a4fac7a2b71aa6cf060a76a720c39ce1ac557ab73170...

30 Dec 2022 02:11:23 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.