Beacon Chain block 190715

Hash

2b2ae7f097c814c6762b46d78719c67c096d00f87e06879982ff337b4c7bfe071...

29 Mar 2023 03:02:35 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.