Beacon Chain block 33634

Hash

0ddc26b6d93b660caca65b71c8fefe8d9d292607cdd7d19cb8b5cf1f9337da109...

29 Apr 2021 23:44:11 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.