Beacon Chain block 47663

Hash

3ca3b558d8459520d1c3faa4e2af4344febfa8d16e2bb85b2902923f227a0e9ae...

01 Jul 2021 08:09:47 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.