Beacon Chain block 253978

Hash

ac1ea7c6b5da230421860d404583af9f9eaab5279b09085b96290a7e7752f2b13...

04 Jan 2024 07:05:47 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.