Beacon Chain block 73747

Hash

5bef52a536aa619317fc8567c67ed66ecd7888b79b4f41fd562936583452e8bfb...

25 Oct 2021 06:27:23 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.