Beacon Chain block 69318

Hash

60cd0a421dc3f0cb8ee9e1d44b26d725675c4a3404adcf72e2202ca060382bff5...

05 Oct 2021 14:01:47 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.