Beacon Chain block 68884

Hash

71dd3f482c8fa61e25286018767930b8fca8ba34fef2f307f4be14efb86ed7e83...

03 Oct 2021 15:44:11 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.