Beacon Chain block 36342

Hash

ef11049262e2d8a01f0d7244067c1e72625aa8c9f8bd52440809f6e836cd7efdc...

12 May 2021 00:35:23 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.