Beacon Chain block 178168

Hash

8f04abe7f6e26af95a9134feb06aafd5ae82797ff685e2fae556af2aba92f7f9e...

01 Feb 2023 08:41:47 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.