Beacon Chain block 180861

Hash

92b7b3d8250fe20062217ddce6d6a4b4623f099fd1c4fcf082c8ebc7cf47d8022...

13 Feb 2023 07:56:59 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.