Beacon Chain block 71519

Hash

a5ddb2985c40e5315d3e8ed3e374ec3ea007a788fcd48039c5e77e475e68ce454...

15 Oct 2021 08:48:11 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.