Beacon Chain block 43366

Hash

d3b469931551883f48e227e458bf77d7e68511561e07e0f74dc483c4c9c7b1edc...

12 Jun 2021 05:48:59 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.