Beacon Chain block 49296

Hash

1d304752495305337d0158aac2ff53357d9551c07ceab9c2750c8940da93015a7...

08 Jul 2021 14:20:59 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.