Beacon Chain block 24492

Hash

647e2a8d66491e4879836e7294f41275da013b7251ad8f3329dbd31fcdf79de87...

20 Mar 2021 08:35:23 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.