Beacon Chain block 176529

Hash

66b669c7df57457c0e7b6bc08ac334d2d3edd061b68fa9539bd51fc03e784381f...

25 Jan 2023 01:52:11 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.