Beacon Chain block 45854

Hash

84637bb3c24049bfe0139fcfb3d7c969c6b2f8e769eb90d4d69afb946710b9eee...

23 Jun 2021 07:12:11 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.