Beacon Chain block 56032

Hash

b810fe52bfd3f27a9171890951cd769d67067ef0fc05230edaf06255419afd4ea...

07 Aug 2021 12:51:23 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.