Beacon Chain block 72594

Hash

9ac842e4c55b008ef36b19b30a5aa9170cd5e7266fdd48c97955eafd5235e537e...

20 Oct 2021 03:28:11 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.