Beacon Chain block 63176

Hash

7c7101f89630e3cd4343518b4373d116627a576c807e8bfeb5c7e94783a70ada3...

08 Sep 2021 06:52:59 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.