Beacon Chain block 73770

Hash

5661b54225f10ec41d494a489b8dd53a5346d8c4f9a46920986c4553b9d469e65...

25 Oct 2021 08:54:35 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.