Beacon Chain block 193958

Hash

29cf75c68dea917050adc65a79ebaa0fbce1674ead0a353bf3b0b2d33f3c12aee...

12 Apr 2023 12:57:47 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.