Beacon Chain block 267323

Hash

5bd1295f11ff97a72d70ae224ac2bd14d6c1d78f8f9311eeffd7bc89baf759778...

03 Mar 2024 14:33:47 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.