Beacon Chain block 69222

Hash

4ff6ca9256f2e886ab16b1f7e3f8bc496ef5d34db70bd6ec892d860434f3d108d...

05 Oct 2021 03:47:23 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.