Beacon Chain block 164165

Hash

9025c187b68ef1fea006607352a63179701f98699beaa4a1b4cb8eb18d657eb79...

01 Dec 2022 03:02:35 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.