Beacon Chain block 48092

Hash

996fc86504e64cdb6c0a60078f3ba2c167c5e1a32b3e7a3c01fc941e6c1671fcb...

03 Jul 2021 05:55:23 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.