Beacon Chain block 71167

Hash

f721a79068b66959edd11617002bd3b9ceb8b129752cb1d1da608c1b20cf9cdf6...

13 Oct 2021 19:15:23 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.