Beacon Chain block 65139

Hash

6a1c47e9db6d7888d706945678972f688c14d61b09788e78b4d4c4cceed2513a2...

17 Sep 2021 00:16:11 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.