Beacon Chain block 34455

Hash

24a12b64086342bc7114d75a0c27e5eae696470af22ac27089d3f0167c34889ee...

03 May 2021 15:18:35 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.