Beacon Chain block 53006

Hash

3bfc58e4012a0c574c2fe244ede96d0f126d5c76305806c3a81186ea9516a4106...

25 Jul 2021 02:04:59 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.