Beacon Chain block 184912

Hash

2e3db8baed3a3241bae1be00e6689ac3cd819c7e0d3d1d45c27fb1ac698f48d93...

03 Mar 2023 08:03:23 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.