Beacon Chain block 73323

Hash

def27e0118ad9112d011790e658c56cfe7aa923a2073c067e86fb4f902b0c9194...

23 Oct 2021 09:13:47 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.