Beacon Chain block 74000

Hash

0f5df570088a2a212a71eb6c4aaadff1fbb5d17ae32362c281bfa93d95179d743...

26 Oct 2021 09:26:35 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.