Beacon Chain block 72578

Hash

2445ed716e5448e6ba4e2908f3782ca277752a265ea4daa72282a2d1a3e4e61f2...

20 Oct 2021 01:45:47 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.