Beacon Chain block 185670

Hash

8600e860ae9a66ee845ad7f3e691057ec69b224c86f65b1dd23e168a4ae7cd17c...

06 Mar 2023 16:54:35 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.