Beacon Chain block 188546

Hash

1dfe29ab21fad1352a3dbe58aa8c6b9c8ffc8c7d443bbc0e45b60f173245eb16f...

19 Mar 2023 11:40:59 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.