Beacon Chain block 174600

Hash

c1d554914c3b0e1d7e6c8b23dd31b2773fd028016286190988cdf51f4b258abfa...

16 Jan 2023 12:06:35 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.