Beacon Chain block 70375

Hash

227f9e825f4a28b2c3b34ae80894b1a6cbe65fd5622d5f5910de3e516c72d154b...

10 Oct 2021 06:46:35 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.