Beacon Chain block 60359

Hash

b863e336ff0528efcc942d5b1f78a6320c0b01da879a3ebbe39300c09dcc93430...

26 Aug 2021 18:24:11 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.