Beacon Chain block 62130

Hash

7e65947eb52cd9e3603de2064ed3362930e05b0d3e7bcb771cf89f5acd66c78a5...

03 Sep 2021 15:18:35 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.