Beacon Chain block 187458

Hash

1c22cca4957ff59e28ff8bce9c6a0e5969d142e60f3070e87fba4955ae051298c...

14 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.