Beacon Chain block 73783

Hash

324c1598e9a9b9c850f0be848bdd4539b542c957bbf0289c940feee3f0cc8028d...

25 Oct 2021 10:17:47 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.