Beacon Chain block 58149

Hash

f291938b8276b52cdb9c4e400a2d98362c13c1539700ad2b6be61082f040b4b3d...

16 Aug 2021 22:40:11 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.