Beacon Chain block 177725

Hash

c5fa3098746caf9440d21a79cb18f44e24fa9304c65d56fa31c46163ce0909fd9...

30 Jan 2023 09:26:35 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.