Beacon Chain block 176700

Hash

3e228d0fa2c7873f85df457ebe8c017517af69354a1d40ec04acfb553c70373d9...

25 Jan 2023 20:06:35 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.