Beacon Chain block 56476

Hash

34aa326d264d434de7c4226f7dd158a0d8cabd1a1b0cd15f91ddac2c63975b1fa...

09 Aug 2021 12:12:59 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.