Beacon Chain block 50163

Hash

a819d79a8c9396c07e110b6d0f30f5fdc8da79b09e4b6db4c6e0213b669bb0624...

12 Jul 2021 10:49:47 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.