Beacon Chain block 70291

Hash

1fd0e05942cf76a71f2802a7e55255df31c23a77612d9e2a4c20b6d07eb299994...

09 Oct 2021 21:48:59 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.