Beacon Chain block 50890

Hash

b208995302d5b99a25c65f567113b1706e92b2a330c71ca68749847e7e5163b34...

15 Jul 2021 16:22:35 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.