Beacon Chain block 58678

Hash

d907e9e6b65d7bc5d301b96e95e25c66212e2ea60d2080fea8a99b5ba0bd5fecd...

19 Aug 2021 07:05:47 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.