Beacon Chain block 190686

Hash

7732ca45c15f97b94f3d15bb9adcbf04919f2d751ffd1ff7e75a470cd4c47f995...

28 Mar 2023 23:56:59 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.