Beacon Chain block 193127

Hash

d084e4e6535f558c6d66a3096e175ae2ccabb1e745792e8fd7e3ca45eb72a2d1f...

08 Apr 2023 20:19:23 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.