Beacon Chain block 47489

Hash

0c643c50c6afea8b4f990c6de184e7bc409805f81f32d2fcc09adc42a35e8f88e...

30 Jun 2021 13:36:11 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.