Beacon Chain block 68733

Hash

e960af186b95b0371839b916ab693f679c0a7b64d12ac3dcf3f3f1832ff3c51ac...

02 Oct 2021 23:37:47 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.