Beacon Chain block 69104

Hash

45d49f3763f6d0a58674a1efbcefa66db7d9a16c291ff4b7eb9af0ba7b9330914...

04 Oct 2021 15:12:11 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.