Beacon Chain block 26992

Hash

ada58ae0c0026965515aa9253ac792c28ecd44e10abffa455319a183cede68e53...

31 Mar 2021 11:15:23 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.