Beacon Chain block 50128

Hash

fccc31c1e992f5c1757c415f6d010143be5fe829f204647e5fc4c0453229246f8...

12 Jul 2021 07:05:47 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.