Beacon Chain block 192178

Hash

c508e5be55c71abcd6331ea77eff2a555c942e22d1719abf0ba4deaf92ea140e2...

04 Apr 2023 15:05:47 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.