Beacon Chain block 186558

Hash

35c11cfaa9a499e8502b499961460ab2ebdf005c10e5dcc18d4b751340f8e69cf...

10 Mar 2023 15:37:47 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.