Beacon Chain block 33572

Hash

823c2181edef3663ac6ec22b9d9bea80771633f2e1d328cd0206ee19797572863...

29 Apr 2021 17:07:23 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.