Beacon Chain block 190246

Hash

b8800ca0dc3f2875176d5889db012c965e182fee21ed7359e701c5b01370ed3ce...

27 Mar 2023 01:00:59 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.