Beacon Chain block 72472

Hash

29dce62d9a61b4e2391016ca05a6d2aaaeeb2b13dbc905183365bcafcf47fb8d0...

19 Oct 2021 14:27:23 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.