Beacon Chain block 75190

Hash

4f3bc3e1bd76d1ecb761dd07c0f5c16585baca47b776d43aa4a816fa7d15c8809...

31 Oct 2021 16:22:35 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.