Beacon Chain block 45607

Hash

337f3f14f6c4875edd6e919744bcead1332501523fa7ec321f9ba24580684ada1...

22 Jun 2021 04:51:23 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.