Beacon Chain block 75562

Hash

5db2017ae97c3fa1945f8238e1e282ec5ebe3468b2e300a20d56493795c1162b8...

02 Nov 2021 08:03:23 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.