Beacon Chain block 43637

Hash

44897dc133b43c3614bcdf664a65218008a602cf566e92b27e5ea64e5a66a152c...

13 Jun 2021 10:43:23 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.