Beacon Chain block 57966

Hash

225ea2296b95fd9c6c346d659233e0114a0ba79207eb7f7364c8f5c99913b04c7...

16 Aug 2021 03:08:59 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.