Beacon Chain block 74531

Hash

77551a131a258f9b03aca0a741d1ff52bb344a532a5ff4c39de1835442b0303b6...

28 Oct 2021 18:04:59 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.