Beacon Chain block 75914

Hash

cee043a321a4a91d67ca401490d51bede789cbb49490340147e09d6a2ffaffdaf...

03 Nov 2021 21:36:11 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.