Beacon Chain block 70668

Hash

2de6b48e7c9879741e57367f5bb70d8078d39eba4f9e47b9406fb890c74131983...

11 Oct 2021 14:01:47 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.