Beacon Chain block 66639

Hash

4d6ed5e84c3cb2509517d88c4ee3915ea76dce74373f515809f7f5a63da9e6429...

23 Sep 2021 16:16:11 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.