Beacon Chain block 61091

Hash

e49fb45faab4337e8d6ec699150bcb1cabe743b98b7df0574df217b9b4de0b2ab...

30 Aug 2021 00:28:59 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.