Beacon Chain block 47293

Hash

0e7609dea969e508b00ca1cedba16ad77c50c95c7e8132bdd5655afdc65578f96...

29 Jun 2021 16:41:47 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.