Beacon Chain block 69034

Hash

70f507c48d73e707f4e47269132e1ea910be67935af0a75af81866f56fc92140a...

04 Oct 2021 07:44:11 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.