Beacon Chain block 68891

Hash

9978b1ba952e34a8df5b8ec74f2fc9213e54da2598fe780efbc0bcd395e806ffe...

03 Oct 2021 16:28:59 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.