Beacon Chain block 74503

Hash

4436216ecee3abb8f408551d6f88e3481ecfbccaaae9e4b6297c891e9da072788...

28 Oct 2021 15:05:47 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.