Beacon Chain block 36036

Hash

ce5d91ecc95af3895f758427fcb0563835b31ad7952b719cb4df0595917c74742...

10 May 2021 15:56:59 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.