Beacon Chain block 173850

Hash

ecd6654563a6fe7fbdf3605533a1ea3c2fc3cbdb05514f1adeea182847df52836...

13 Jan 2023 04:06:35 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.