Beacon Chain block 202560

Hash

9febfcab7bb5973f9fbbd1be1abcece076ed6e7a943fad295e0876c8ea5720340...

20 May 2023 18:30:35 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.