Beacon Chain block 178606

Hash

0936ac843cd02071bfaf2de3f1ebe84f9200462142f97c3ea58083ce3d401256c...

03 Feb 2023 07:24:59 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.