Beacon Chain block 72769

Hash

621de75e62019b7a9eac95843aaa036606b341c13e8b11a61cb0d5445bdf5cc2b...

20 Oct 2021 22:08:11 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.