Beacon Chain block 66232

Hash

e0e2a4ed5c3da12f3321962acafc69e538e1d2c170d7ef029fd8928e0b4965338...

21 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.