Beacon Chain block 30074

Hash

21089d82f8d36f992ecea89f24f5073ce87355b50474ecb8910501229554df99f...

14 Apr 2021 04:00:11 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.