Beacon Chain block 70269

Hash

7478eb7254f027748eb08a3d0bc9a307b5d53c6a35eb1a79a97638ca2f4720260...

09 Oct 2021 19:28:11 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.