Beacon Chain block 75130

Hash

dad059bd92274fb3812b4ee173d514a39d30a53c0200cdf3fa9bd5b89637448ad...

31 Oct 2021 09:58:35 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.