Beacon Chain block 60365

Hash

0db517f472b5eb3042a8b5aead655c6556f52819fb4c9c9e90bfb3e00c5948cb2...

26 Aug 2021 19:02:35 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.