Beacon Chain block 189910

Hash

c44e58efe486c985bfc48b90c57324538664be17f39f0e45e1d580ea7b9a44294...

25 Mar 2023 13:10:35 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.