Beacon Chain block 75311

Hash

e770e5b816e7afac74dacc8c7fb4444e977a7a0f8f9cc64f163634fb62de2cb39...

01 Nov 2021 05:16:59 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.