Beacon Chain block 75252

Hash

0cba901eb84d90fd9d9287496876fa93954a095d295d6da92955f912cbd76debc...

31 Oct 2021 22:59:23 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.