Beacon Chain block 41476

Hash

13bae5ffbf097e6d5c455e37f92766d3183addfb851a31546ef83a176142b536b...

03 Jun 2021 20:12:59 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.