Beacon Chain block 61245

Hash

d3cc1f93dd28452cc270fad441500440961a6713ac8f620c6bf4923fbfc25831d...

30 Aug 2021 16:54:35 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.