Beacon Chain block 38606

Hash

f1d17e2289ca5135e3c56ed3fa4e26540a8dbff66db453dda063986b945898383...

22 May 2021 02:04:59 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.