Beacon Chain block 73240

Hash

6f17a7bf1cf79318f1cb8190e32c561c1d6e449c68090f84698baf87a7194e3d7...

23 Oct 2021 00:22:35 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.