Beacon Chain block 184474

Hash

f88035020f1a8228b17cde2641c663cdd06bbf297abd0dcf3423495d284dbb32a...

01 Mar 2023 09:20:11 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.