Beacon Chain block 67888

Hash

e077e2304b98c37f44bb2c997520fadf561a4e9439041f91c45c40604e9b507c7...

29 Sep 2021 05:29:47 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.