Beacon Chain block 68665

Hash

08003eb48ff09b3d7631375c5d5e0d6096eb42cd624499f8ae3029c07b69155ff...

02 Oct 2021 16:22:35 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.