Beacon Chain block 254863

Hash

8806063382a5417a5bc44fa49da41806a351268a2a685682d62e6b03e67da4c73...

08 Jan 2024 05:29:47 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.