Beacon Chain block 70410

Hash

ce4e086bc41dc48f4018809847b4ed04f3ee74c9cf3a141d10a172ee0abf91020...

10 Oct 2021 10:30:35 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.