Beacon Chain block 65782

Hash

7fdb29dfe385cfbee28050335c51fcefcba77cc6d3d59caa5527707921eaeced4...

19 Sep 2021 20:51:23 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.