Beacon Chain block 175256

Hash

ac73795fb994efb99d7dfaf4ae5b5cf03e68612b3299be196030b799a6be33eab...

19 Jan 2023 10:04:59 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.