Beacon Chain block 63753

Hash

28f601af3f71b67586be1d1a8e15ea767dce5c0c145528a1194bfe5f8eff3e157...

10 Sep 2021 20:25:47 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.