Beacon Chain block 24352

Hash

9d7233a1f6b4b3915add40adbad49e6fc19c73ce150b33af2996fa8c2196ac9ad...

19 Mar 2021 17:39:23 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.