Beacon Chain block 172073

Hash

9204027e8ad8d04ad23bfb23d066fde154555422473fac38b30e88ddf9b971e7b...

05 Jan 2023 06:33:47 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.