Beacon Chain block 176690

Hash

aa940625a24a3b655d37d7729f993f21966df6f3e79d09da2c69d54d729d4996b...

25 Jan 2023 19:02:35 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.