Beacon Chain block 192022

Hash

f80486534ea2a60fd719c92b2132587acfc70c5e4095a726ba9194f1f85c66c54...

03 Apr 2023 22:27:23 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.