Beacon Chain block 74391

Hash

c98b72ca8acba0a1cfff52e187e5f0f39c379564db76c7f1daaa820e884020c54...

28 Oct 2021 03:08:59 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.