Beacon Chain block 314610

Hash

5851d39f53a6655e935fe1a728c3c0fb15a5fc57d6fe3735dc085e4f47b7ee3a4...

29 Sep 2024 18:30:35 UTC (5 months 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.