Beacon Chain block 39753

Hash

f8539558ca18f61bc17620fc4e8804049dacb59821826cc4a172471b77c5d1794...

27 May 2021 04:25:47 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.