Beacon Chain block 179820

Hash

0f977d85234146ba51e68c9ad2b36121753de4e425ada54a6f10040c1f54d1dda...

08 Feb 2023 16:54:35 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.