Beacon Chain block 39925

Hash

94411a01cdd230e4f647fc6fa9f7b1c525248b9efc11e2b1c4fa327c7ce34364e...

27 May 2021 22:46:35 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.