Beacon Chain block 178352

Hash

31cb890ba614c745994e7bfedb77992ec9b4b40e589155c29c4f6669657b7feb2...

02 Feb 2023 04:19:23 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.