Beacon Chain block 190936

Hash

f0ee10124cb6cb301acd3abafd952db28dbae520199a3720e590a2ecc4771c071...

30 Mar 2023 02:36:47 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.