Beacon Chain block 71945

Hash

83b71fbc11003c76d460d1ca31765663656d66508dda5eea7ef45c7436d270b3c...

17 Oct 2021 06:14:35 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.