Beacon Chain block 173502

Hash

2325a25a319f9e11f49785c9c8f95834ca1c37626955f113cea787d1365ac4abe...

11 Jan 2023 14:59:23 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.