Beacon Chain block 182962

Hash

4202bc878202d55fe19029ea14cefa0936875928659f621fd1fc314ab296fd57c...

22 Feb 2023 16:03:23 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.