Beacon Chain block 68483

Hash

5e716250408518eefb641b9e27798c33295f62242e44ca3fcc6557021e35732cb...

01 Oct 2021 20:57:47 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.