Beacon Chain block 65949

Hash

2e35bc72bf0d40ed0404814796870d793dd0cc29729e98ccd2558ac28c62d3b48...

20 Sep 2021 14:40:11 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.