Beacon Chain block 40009

Hash

b72521976ba0f7749bdc3ad1bb154a3b50308429b2b0f7414dc665076b40cbd82...

28 May 2021 07:44:11 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.