Beacon Chain block 74890

Hash

260455e957bc549478827a57e1ee5938ea7b3c80bebab9e164c232d283456c8f3...

30 Oct 2021 08:22:35 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.