Beacon Chain block 72928

Hash

d7d14eea98d7c38ae530811d1bb896cc5bd977594aa12e7b7cf4fee69f8ff8208...

21 Oct 2021 15:05:47 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.