Beacon Chain block 66375

Hash

78047097aa4e33e746601808da662cb5f3f795d3ce496f1e7aa3574a592f05ece...

22 Sep 2021 12:06:35 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.