Beacon Chain block 60361

Hash

6d2ab0d0677fc87d7ad1d612931208213fa944a86fa90abc2142be8745fb76df0...

26 Aug 2021 18:36:59 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.