Beacon Chain block 69807

Hash

06bedc481f14eb8cbd8ee214becb0878c431169f261ca145d773ee5ca511de2ca...

07 Oct 2021 18:11:23 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.