Beacon Chain block 50458

Hash

563834328e735b36d9c608a49dc32cd66a89e5e44dd481f979ab123f64bf4c7b1...

13 Jul 2021 18:17:47 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.