Beacon Chain block 58185

Hash

870e8cee180d07612e45e8e4125eba775179141d014df95fd2c2d78365c5dc5b3...

17 Aug 2021 02:30:35 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.