Beacon Chain block 62373

Hash

1cfd1afd45fe5def71e5db0e5dec21ec965f9289a2549f8b60d2e27a347fc4e37...

04 Sep 2021 17:13:47 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.