Beacon Chain block 26421

Hash

c2dd4aebe091dd993c868c09e0ba05c24ead174f240e185f1e87199f180bc00c3...

28 Mar 2021 22:20:59 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.