Beacon Chain block 178371

Hash

c263b600d05fc67a56076b1f960f00b5a05e6e4a1ce346057a43816dd2a98b394...

02 Feb 2023 06:20:59 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.