Beacon Chain block 74726

Hash

142532e1a1dde0544c8bf4dfb71f28d54db51939e5c49e8012b0480ab4e2c78f2...

29 Oct 2021 14:52:59 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.