Beacon Chain block 71976

Hash

b329aa90bb4ab9dccf1579a386d570a77d5075e5b0a364038852767cad49edcba...

17 Oct 2021 09:32:59 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.