Beacon Chain block 41470

Hash

4eeea4951b7335209e9f94649dc65356812c1285c6b4c816ed2f1ca89c5a24791...

03 Jun 2021 19:34:35 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.