Beacon Chain block 175051

Hash

ceaea4b2f4ebce7a4f84aaac568c9564e1326c4e90ed4c3f034cdc6e8147c9da4...

18 Jan 2023 12:12:59 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.