Beacon Chain block 66366

Hash

3abdf8734f4af8a8c7e175ef810544643c68bb637ebd3ae69ab2070925f506d5d...

22 Sep 2021 11:08:59 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.