Beacon Chain block 71087

Hash

a31bdd3e38ab70b2947a166de71bab7c23c259992a001f50a4b4bca2ed2a2884a...

13 Oct 2021 10:43:23 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.