Beacon Chain block 58648

Hash

a6653acb39fa475f7af8caed8af994aa51a603f14324409a49d8c69ffdeebe45f...

19 Aug 2021 03:53:47 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.