Beacon Chain block 52376

Hash

e2df7a4984c57b8aa1135a0313c3cf59827af2220412c8a0a7bbf585ae9dbe089...

22 Jul 2021 06:52:59 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.