Beacon Chain block 192156

Hash

5a00ef3bcf959c3518df324d6163fa5b86df1dad5da9aab72dae72a72688c2322...

04 Apr 2023 12:44:59 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.