Beacon Chain block 75011

Hash

f0322a3f6a881b4a4ef63a039f9f949b4ebb7467d702dfda5132b0aa5b2e93046...

30 Oct 2021 21:16:59 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.