Beacon Chain block 28391

Hash

cb0d671362b631d05165967ba981534c97a4c746f2367b1b51588aec70b4ebbe7...

06 Apr 2021 16:28:59 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.