Beacon Chain block 57261

Hash

beae89ee7dd8138e2719ba8d5b52b2c947559f1b765fb0ebea4e8d414a5add3af...

12 Aug 2021 23:56:59 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.