Beacon Chain block 70345

Hash

8ea54b87507949af91cff30b8f75d82ffb5e63d6e30b82dd0b3dff865e1e81bae...

10 Oct 2021 03:34:35 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.