Beacon Chain block 69746

Hash

35a53eaf10bef803abf89833fa5633c20e1ed21c9c9b65b154c5ef6893edeb84f...

07 Oct 2021 11:40:59 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.