Beacon Chain block 66955

Hash

7d3a557766072f2a9e26753ee49925028ce1acf9fcfe19c02bfd1279865dd8945...

25 Sep 2021 01:58:35 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.