Beacon Chain block 57113

Hash

07228a6e46496a6975fff06486a5dd6e019c28fc68b9163dc512f6ce54f636406...

12 Aug 2021 08:09:47 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.