Beacon Chain block 33477

Hash

bd261bfeceefca56be85fe14cfef29cac133a5c0b63a8df817364c9f6d8f53c14...

29 Apr 2021 06:59:23 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.