Beacon Chain block 189426

Hash

56b952a9a82f532b2006f0f607d44d5ce3555d2c1f798a0efa7649578cd6e9567...

23 Mar 2023 09:32:59 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.