Beacon Chain block 189592

Hash

286434f347f1ecbeff52080e8952641ad2ee85ce93d27aa08770cc9894d18cc69...

24 Mar 2023 03:15:23 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.