Beacon Chain block 45329

Hash

5881ae8eb211f4487623b7262b3fcf38a7bff166fa1854ed013e1334148903ca1...

20 Jun 2021 23:12:11 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.