Beacon Chain block 66462

Hash

cabd2f565ef5d790d9e1cccfbc39e5d4618c775d6dd2c873c270ada44c48597a2...

22 Sep 2021 21:23:23 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.