Beacon Chain block 66916

Hash

60c5bff9efc15f8083478e8d55635ac47e39fdbe16d64ae51caf2dd930e88792a...

24 Sep 2021 21:48:59 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.