Beacon Chain block 187642

Hash

f8417521d3fffd9fcd89b45ccf346333397790761092eb6605a18b0512b7eb048...

15 Mar 2023 11:15:23 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.