Beacon Chain block 185264

Hash

3a84d335f954eae1d943d0afe7404336c7c381535f24e9115da5abad30d870a14...

04 Mar 2023 21:36:11 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.