Beacon Chain block 51160

Hash

4d39a0dce71fbcdb9f571d3fff67479832b238a0ac26dabd70558b65c72dc3674...

16 Jul 2021 21:10:35 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.