Beacon Chain block 187799

Hash

0e88cf9e545ddec7d113b8f7d52ccaa86730a5179a33b16feb2af6847d81b7d8f...

16 Mar 2023 04:00:11 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.