Beacon Chain block 59126

Hash

a6229481aa2f90afff9f74e8dd490330ac89523f77564da9184602a806b0d0ef2...

21 Aug 2021 06:52:59 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.