Beacon Chain block 179351

Hash

b88cc21510a100702b7496f16b9a53c6fdbef57208864424ca136151f0ec9eab5...

06 Feb 2023 14:52:59 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.