Beacon Chain block 54014

Hash

975fb400d07075b65566a2b26bf07c20a3822934b2d9c58b882a2f4a2d23b9a4c...

29 Jul 2021 13:36:11 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.