Beacon Chain block 180572

Hash

2a74b3b4512480bfc93e4f8af2cde8cf128505e107eb0d96df42eb1edc630aba6...

12 Feb 2023 01:07:23 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.