Beacon Chain block 173105

Hash

c036548aca4efe87b658634fdc62e073b320fd488a2986e7fe606eaa18d84dc86...

09 Jan 2023 20:38:35 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.