Beacon Chain block 43263

Hash

6093559bc65c2594a0c445eace7efcb15dfd77c51f1eb696033344c781d9a10df...

11 Jun 2021 18:49:47 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.