Beacon Chain block 73215

Hash

fa7c151423d76ae7de48330b48f1e432cc8c6378d9667b921b72cb58c19ecc88a...

22 Oct 2021 21:42:35 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.