Beacon Chain block 181350

Hash

ed02f2bb9d8953b713108d346c4829522e7711fe12eaea5e38839bf5cc195e6e1...

15 Feb 2023 12:06:35 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.