Beacon Chain block 53346

Hash

0750f627d9501faf54ec4fb4d6ebc1f6336b8518d956b547b197554d21a3b0e21...

26 Jul 2021 14:20:59 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.