Beacon Chain block 65414

Hash

54ea6b13a218446c91f59abf3bcde9e7dd15538cfe365d60028d56cc7bf01dcdc...

18 Sep 2021 05:36:11 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.