Beacon Chain block 72208

Hash

585bacebc59fd36f04c7239dca0fba8d5d8f4d121c3b56ca5a51de4e795e37bb8...

18 Oct 2021 10:17:47 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.