Beacon Chain block 67666

Hash

d9705bd1c8c24647e1e8311a16d5c42acde179140c299fc1971a2f03671c5b360...

28 Sep 2021 05:48:59 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.