Beacon Chain block 74125

Hash

0e25539ba3d98a982850b5adf54f7238ebf62f0a6e07809055ad1a8e286c4d258...

26 Oct 2021 22:46:35 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.