Beacon Chain block 174977

Hash

2a45f26bbd5982f48a9f05505d008477661c9b42a328b25efdf9bd76e130b4737...

18 Jan 2023 04:19:23 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.