Beacon Chain block 275368

Hash

bd9643e4ef96f6458a692c72d38dfe9d731924e94d46fb8be7bc3c6dabb53e9fc...

08 Apr 2024 08:41:47 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.