Beacon Chain block 63145

Hash

b9793486574310ab86600d36e4ec325c205b77ceeabec9fda30ba771968ff2a9e...

08 Sep 2021 03:34:35 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.