Beacon Chain block 53312

Hash

315e903f2d052e40e791200a0229010ae3d2ad03eac07a3e8d729a25f8eae089c...

26 Jul 2021 10:43:23 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.