Beacon Chain block 70434

Hash

64820369c8c2e8c8010141e4fb45ec6982aed9d66decff0a84658c6809866407d...

10 Oct 2021 13:04:11 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.