Beacon Chain block 69363

Hash

ed3eb330bec372df194e365e17a65dc63254f761dc37a8169e692d2ba57fc2ad7...

05 Oct 2021 18:49:47 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.