Beacon Chain block 54821

Hash

2e1b2a32fd6c3426e09acc353f97b8b4c44d840bdd0a9b6e0addabbe6918c3376...

02 Aug 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.