Beacon Chain block 51665

Hash

3ff40ee70eaf88d4b377f85aee001335a59184b4aabadcbba170059cdddf2dee5...

19 Jul 2021 03:02:35 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.