Beacon Chain block 171831

Hash

a5f184afa95f55299f64f193c6d898e49df361244eec6cf3b6a63fdc1ca48e689...

04 Jan 2023 04:44:59 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.