Beacon Chain block 75286

Hash

c55daf6509a2daded859d728e6180a364aada95166e90d1edff2ca5c464e572c7...

01 Nov 2021 02:36:59 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.