Beacon Chain block 54087

Hash

07236c0e2d0e96d1418d35f81d86c1e2a531de763b3f3d638b4fd19555af00d3f...

29 Jul 2021 21:23:23 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.