Beacon Chain block 25503

Hash

56fcd8caf7d865d70e03aa0e0159f8e0b77566932b721b6be6a9d6c789ab07f1f...

24 Mar 2021 20:25:47 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.