Beacon Chain block 59710

Hash

a06e46cd6e4280591cbeb0a00496b61000fad755eec2639e1bf69830a0bc26439...

23 Aug 2021 21:10:35 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.