Beacon Chain block 190347

Hash

2ff5c2ac23827e96326d8fafc0491a198f1409750d2a7a9dfb1b312d80ad7d7a3...

27 Mar 2023 11:47:23 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.