Beacon Chain block 273849

Hash

a25a6b0e5379f21ed5d6779cdd5cc8ccbadace49535bdd97756e49bfadb14095d...

01 Apr 2024 14:40:11 UTC (10 months 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.