Beacon Chain block 21212

Hash

20e2d1ad5cfd32842e02307684ec1227b5972554dcdd9516281b558f78b3c6b56...

05 Mar 2021 18:43:23 UTC (4 years 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.