Beacon Chain block 177015

Hash

80f40f28c11818db13e592bffc3719abf3ec945dac3102c4c4bca551c959380e8...

27 Jan 2023 05:42:35 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.