Beacon Chain block 62468

Hash

f89945bd8edd95d98d1718ecd4ed364f761910cc28c11e304525a82ed607c7eda...

05 Sep 2021 03:21:47 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.