Beacon Chain block 60182

Hash

dfb8ecdfb4d3a8f7ffaabf455d9f8bbae37c3206d9e07fd2ae25b5594a398fc40...

25 Aug 2021 23:31:23 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.