Beacon Chain block 179211

Hash

56a74cb2c50fdf39e0e2e22fcbfcfb16a0c22f271e0639d495eebe46d869d635c...

05 Feb 2023 23:56:59 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.