Beacon Chain block 69855

Hash

1564c6eba16aba3e7ffdf9a3f509a140b95a7a73a86423f3f8253845b2b37bd74...

07 Oct 2021 23:18:35 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.