Beacon Chain block 182993

Hash

56a39e953301dd89d682a166bf6c5e4ba82160e6c63edbf9fe2546507559296f4...

22 Feb 2023 19:21:47 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.