Beacon Chain block 64334

Hash

d54a6b1e29abb05984e4e9d9f0a8276d56cd6ec05c3e21858ba2e48a066f2edb7...

13 Sep 2021 10:24:11 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.