Beacon Chain block 48472

Hash

4638d07a93dcf0c20247ec3bd1239725ce35aeaaba0acfaf83d9623be0f476174...

04 Jul 2021 22:27:23 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.