Beacon Chain block 189712

Hash

eef538cbdafddd4da64f62cd60436df910a2868dbf9f73c9bf7b16b9cbcb86ebc...

24 Mar 2023 16:03:23 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.