Beacon Chain block 62132

Hash

79aaf00baac9f07325f43c86ef2dcf522523ded26a14bf7aef3305095660de20b...

03 Sep 2021 15:31:23 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.