Beacon Chain block 39813

Hash

7fe0260faf9a903bcb4058fa53b08a8fb66f1ceeba83367e1f06b3c4134c6a457...

27 May 2021 10:49:47 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.