Beacon Chain block 66234

Hash

180b2400b1c0e36d4aa0c9fd3bf4baeab3eaca4a8d6403257ebeefb369a51ca77...

21 Sep 2021 21:04:11 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.