Beacon Chain block 66365

Hash

6184fe3615e7ce7bc1bf4e9f0ea4475bc41f50d8f3f9c336852467f44b733f622...

22 Sep 2021 11:02:35 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.