Beacon Chain block 39889

Hash

075eac6eff91392550df63eb2df8144d0ea9cf4ec468abe7894239c44f58c2665...

27 May 2021 18:56:11 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.