Beacon Chain block 36634

Hash

0794ea1e2638d6c61b868042ae4b8b5bc7e3a281393b71c290b2c73c7a80914d2...

13 May 2021 07:44:11 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.