Beacon Chain block 172849

Hash

65a66eebeedd41c2f3468992d8d812ccc2c24c4b1b2c0af978c333d474a500641...

08 Jan 2023 17:20:11 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.