Beacon Chain block 187194

Hash

6a71c073b1df6bd8bfc6b63ab512463d89089e8df999811b96c888ce91966fd1d...

13 Mar 2023 11:28:11 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.