Beacon Chain block 170737

Hash

a9e060dd2b6690ddf3c144b34a516062dbb39a3a26ccf03c90c142be90b06ebec...

30 Dec 2022 08:03:23 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.