Beacon Chain block 185373

Hash

7e804ab2041f3a7bcae2e1cfe785eeff5997ac7d87a11ceecc84d9db09906e53e...

05 Mar 2023 09:13:47 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.