Beacon Chain block 61346

Hash

e6909e312313bc679d2fc9b3a9eb0b5a0095bcaa9205aff15326fb40687183dc7...

31 Aug 2021 03:40:59 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.