Beacon Chain block 21251

Hash

58e8d5bc66986f2987c26c442631e2d79bd92d735f0dffc84c28e63de66040ce8...

05 Mar 2021 22:52:59 UTC (3 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.