Beacon Chain block 67671

Hash

7a27810a1008f01683a2bdc2d8bc690927f19ddd2225b3ef2f025a01c23144a89...

28 Sep 2021 06:20:59 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.