Beacon Chain block 64332

Hash

23557936b16db870e9dbb13de1157c61bbac995b8ce984b9bd8a373f8090eb1a2...

13 Sep 2021 10:11:23 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.