Beacon Chain block 73897

Hash

1da641c04ef075cd510fdd7c7280b30d42eb5febec189cf4a0d827700df05871b...

25 Oct 2021 22:27:23 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.