Beacon Chain block 58827

Hash

d667499f122bcd50ecd698ab4151b7859f5b7aca4abe53006d8232c7db8e772c8...

19 Aug 2021 22:59:23 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.