Beacon Chain block 73388

Hash

0cfc940a6852868fb751f21a5e4b56c9ceaf714516ab24e84175f89e93e585012...

23 Oct 2021 16:09:47 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.