Beacon Chain block 33718

Hash

32f935d1d875e88be1a763ad0a706cf8520ec93413c186ca2ff658e1d9d2b429d...

30 Apr 2021 08:41:47 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.