Beacon Chain block 74877

Hash

204585b9a28e87d42508e1e136ac4f679dc6f029fc63a48a66476e0addd6fc1ea...

30 Oct 2021 06:59:23 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.