Beacon Chain block 54076

Hash

e676995e3ceb343505385ff9f1d69bc5429e4744e9ff1cdf96a884a65797a618f...

29 Jul 2021 20:12:59 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.