Beacon Chain block 66482

Hash

14b286d28f7578eeb66a8b6fec3225caf35a564f5f188779f3dea470fb958a3aa...

22 Sep 2021 23:31:23 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.