Beacon Chain block 174829

Hash

7a043642d877cad004f88b8c1306e5e1e8f57a7f57e9ab132d1dc668acfdb437f...

17 Jan 2023 12:32:11 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.