Beacon Chain block 33004

Hash

b992182783bd33e404bf6490477f4f19dc25b5aaae3a4e77b17318a4b941b06b6...

27 Apr 2021 04:32:11 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.