Beacon Chain block 64162

Hash

c6b0e67ed952d9446a918c517216c49aba4c224bc341bd1ad260379e9448778e4...

12 Sep 2021 16:03:23 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.