Beacon Chain block 180342

Hash

ac164402df70e56e51424e96e7044c98dfb0ddbbdc8aa6890605d8516af03b8f1...

11 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.