Beacon Chain block 70896

Hash

42562d4a9a9b1981455fae633049aec16a6940afacc1ddb1fa67e7d57b1edd6c6...

12 Oct 2021 14:20:59 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.