Beacon Chain block 44275

Hash

fa86d5bebbcd3fea17ca7abac7d9bf85e41990e13d155ae630263c5a52bd96bb4...

16 Jun 2021 06:46:35 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.