Beacon Chain block 57500

Hash

5fcce2cb0a3a898e1bb1bffe2e6704e04881f0fbfea5624de03ef5e4ca014af31...

14 Aug 2021 01:26:35 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.