Beacon Chain block 71102

Hash

29763c8dd5e6a22fec45f418aa4e291ca0d33ba27cf38d79d1da05f9771dcad2d...

13 Oct 2021 12:19:23 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.