Beacon Chain block 69339

Hash

1788cfeac57d05c0bf54af4560a4827ef5e45435348f4a0456e7a84741ef4945d...

05 Oct 2021 16:16:11 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.