Beacon Chain block 176183

Hash

987620b4f6ecba5911d1fd5912d6e69c62e27c2831101ef3df19320533865ed62...

23 Jan 2023 12:57:47 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.