Beacon Chain block 186556

Hash

df7dd4bb03ac6b42eb333b70ef3d6a3c37583c07fb08771c63157a1a1911eb13d...

10 Mar 2023 15:24:59 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.