Beacon Chain block 177888

Hash

bf3d466304e79c32979ccc74deb95f9f7944d0eebf7f3ccb3b630919b4e4f27f3...

31 Jan 2023 02:49:47 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.