Beacon Chain block 71667

Hash

c5f187259717ddf9847ff35ae89f8ddc60f5e326b713f857831c22df411f0fe28...

16 Oct 2021 00:35:23 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.