Beacon Chain block 174245

Hash

e4fdc6391b779d468a7e795e8570ab8552ebd2979a6ed5934eb0fbe3c42875d9b...

14 Jan 2023 22:14:35 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.