Beacon Chain block 67588

Hash

702adb008776133bc2b9dff777098fd505efec7707ac2c645528522140f5f8e5e...

27 Sep 2021 21:29:47 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.