Beacon Chain block 63178

Hash

0c8c37b88c1aed3be8a2a10c8a8e707cf64af31ba7022375310d9de743d277e36...

08 Sep 2021 07:05:47 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.