Beacon Chain block 72078

Hash

5f3e74feaf245e31e43a28bb190f505b5a91b34c22edea10b9fa647a4a8be0ee4...

17 Oct 2021 20:25:47 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.