Beacon Chain block 54046

Hash

7572f235f85f9187bcf99bd5bbb2129819dbdc0dd1a410481bd152e20c46f5954...

29 Jul 2021 17:00:59 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.