Beacon Chain block 27296

Hash

1c2e87e98e8e71dd1c08b8777c0a6c7edd28673c67675af00ae6bad82809ed957...

01 Apr 2021 19:40:59 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.