Beacon Chain block 56436

Hash

7f7520b4cb0e3e9360d46bfa4814c1fd5de7a02e6f52ce2b3a56a2e5d9d41e9cf...

09 Aug 2021 07:56:59 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.