Beacon Chain block 178767

Hash

0811ccceeeaa543b56d04f06d0f2b18cdef55390f9f4c0a4f1ae3fc36b72d6506...

04 Feb 2023 00:35:23 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.