Beacon Chain block 57276

Hash

d4d3240eff06ab91a89511bb5e4028323794bfb0a195c518cb2b5a5708c4244f6...

13 Aug 2021 01:32:59 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.