Beacon Chain block 178934

Hash

7601101edf2d89b1026ed4dc4eea58065f3f443cc8e71442aedde4e9f49dbf173...

04 Feb 2023 18:24:11 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.