Beacon Chain block 186790

Hash

7deec52189864fd07ab6be5b6844f62af538c9ed0fef039bc7709be60ef14882a...

11 Mar 2023 16:22:35 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.