Beacon Chain block 75278

Hash

560d225d42d04e2f680279d03006c6cd531152ec19abeb794d6bf1b04cd56cdcc...

01 Nov 2021 01:45:47 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.