Beacon Chain block 66198

Hash

386577a299ce43f728ed128c6d0ac35b61bead0c31e5bc2b2591d18a3548af348...

21 Sep 2021 17:13:47 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.