Beacon Chain block 69355

Hash

21831a29f3b5630d89a5efb3c64d8e9a990948db9aca3c295cd372924a337d354...

05 Oct 2021 17:58:35 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.