Beacon Chain block 47480

Hash

7d33d03dfbca744c5a435575d55c01d5734ea39a744a0af8f5edd5f14a5ed873a...

30 Jun 2021 12:38:35 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.