Beacon Chain block 191974

Hash

aeb4d2a507d13a2609508e94986310d4f0ac3ff7c310a6ef93fa8bbca7f360e7b...

03 Apr 2023 17:20:11 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.