Beacon Chain block 32839

Hash

efdc151bb9ed000a8a99d1b693b44324f4c24e38c0010684611fb58fd88a21871...

26 Apr 2021 10:56:11 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.