Beacon Chain block 50256

Hash

86067210a30e18866a5ad2920c4902f0b8685d3815ba3214dea526ef58427ca67...

12 Jul 2021 20:44:59 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.