Beacon Chain block 72463

Hash

6bae6f7a44613d254eadcf4f5a17d844d14c9b130f9f70422f0944befaf316446...

19 Oct 2021 13:29:47 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.