Beacon Chain block 174422

Hash

feb53c981e1f76fcb4993e342d89a1e501611bf8b82965bfc058c1cd013b957fa...

15 Jan 2023 17:07:23 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.