Beacon Chain block 313023

Hash

7da183e99ee199056a39fb4a69a0d6f19d6707cf56892dbfa3c161969de20b6c1...

22 Sep 2024 17:13:47 UTC (4 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.