Beacon Chain block 54146

Hash

f3f4c1bebbcaf05beb42ce0de664b7184830b284e4ee8295227de7bcdeab3b10b...

30 Jul 2021 03:40:59 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.