Beacon Chain block 171819

Hash

84672a0d4d37c815863ac360e30314bb49ce8943b39c7a2a088b2e286e2aca25c...

04 Jan 2023 03:28:11 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.