Beacon Chain block 48781

Hash

be55c3c76254d04ce41b2dbbe8f533ad7d790492814345db7b27c54138c6566e4...

06 Jul 2021 07:24:59 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.