Beacon Chain block 37698

Hash

34a7d2f6238cf84a08b24928fcaad7eca428654ceb0ecaa74583be1b4e099b430...

18 May 2021 01:13:47 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.