Beacon Chain block 189341

Hash

dd7e46b93169fd5f783d5da70c7744bb91cde72bff8adfda8772623afea6f1bc5...

23 Mar 2023 00:28:59 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.