Beacon Chain block 178080

Hash

812d748b0e7e87972f3cd19274ae0e96de685985f51c9dc6b6feae6320b3bbb14...

31 Jan 2023 23:18:35 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.