Beacon Chain block 72234

Hash

eb38bf4b86bef0c1c6c4c29476c663319b7ecb34df0de1e56b7dd9f7b0f452d49...

18 Oct 2021 13:04:11 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.