Beacon Chain block 67047

Hash

f75cf36336d90852a79507cf5c84885250b7928a9dc83abba87a1f6618bc332e6...

25 Sep 2021 11:47:23 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.