Beacon Chain block 186334

Hash

ad2b75d145f7b80dc294d8101a15908cef2627de1f200ce215f7e70be925663d7...

09 Mar 2023 15:44:11 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.