Beacon Chain block 68016

Hash

7c69bb7cd8381b5b80a4a081dc765d8b3c1d0eed30ef8b93ab9b2572f462309bc...

29 Sep 2021 19:08:59 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.