Beacon Chain block 73574

Hash

5e3737e870eec93acf2b2205a15deee23723ac3ca7d776456035b47506ccd11d6...

24 Oct 2021 12:00:11 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.