Beacon Chain block 60322

Hash

5f7f27f55b8c94eecf37d4d8f79314d0314a05f7a7934e980857527cf69505953...

26 Aug 2021 14:27:23 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.