Beacon Chain block 66484

Hash

ea8579959dde45ea4a8d3788c6149af824686561f2a447c9b24d501fe42b8bd9c...

22 Sep 2021 23:44:11 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.