Beacon Chain block 71899

Hash

1ae62e541106bf60a855b3b789d94c547741f0e90a89711b74b6cb14d953c2675...

17 Oct 2021 01:20:11 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.