Beacon Chain block 192014

Hash

e69c20f3dee54f8f24f87b1273428de5c814938de8d9682edd2f6d6df329e1308...

03 Apr 2023 21:36:11 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.