Beacon Chain block 64740

Hash

935357fe30b5bdc570fad5934dd38707fb221c14d6f8615b00c6633a30318a9ac...

15 Sep 2021 05:42:35 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.