Beacon Chain block 72356

Hash

83b9a182af7ae2e22ce40a3df65da205f258f6d535452840ccbc9e85e8085bae6...

19 Oct 2021 02:04:59 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.