Beacon Chain block 72840

Hash

72e4f1ce2c9728b2030cb058a77ace0b327de2285ba004ca908cd5fff40e782a2...

21 Oct 2021 05:42:35 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.