Beacon Chain block 36255

Hash

8e0a1720ee3324110f1ca28c195d671494a4cbbb163a169322f24d4abedd50826...

11 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.