Beacon Chain block 31135

Hash

eb027eb95e47f1f5dbf2fc031fcfc7708c023e389188cfbae4ce1fb45fa91cc99...

18 Apr 2021 21:10:35 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.