Beacon Chain block 66583

Hash

39e2058954dc1ae880540ee73d2fc0144f03e90dbfc69dcac65113230f94a8c59...

23 Sep 2021 10:17:47 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.