Beacon Chain block 54145

Hash

ea41afdfa4bc530a278fa751eb99c3c01c58a537b9bf11c6a268446996882d61e...

30 Jul 2021 03:34:35 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.