Beacon Chain block 70663

Hash

3c3cbbb9d0d9a5ca8437409971717d2197857ad72ef0ec5ce1e2d0d640bffb0e0...

11 Oct 2021 13:29:47 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.