Beacon Chain block 40407

Hash

5e8555fcfa629c54c4f98c4cbab4a33a46fbae0a00eab89d747cbd6a38f0e1bed...

30 May 2021 02:11:23 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.