Beacon Chain block 45390

Hash

fd90dfd0611e3d7f54173d3f913bf1087c202f0a9daa9748728657747d0845fc5...

21 Jun 2021 05:42:35 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.