Beacon Chain block 42024

Hash

540f1be259d123d8ed2e06b15671541e15532fc2ee738704753c6aa8b98ed2345...

06 Jun 2021 06:40:11 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.