Beacon Chain block 75951

Hash

9dbf2a6591716b729b82372219c601a9ecf886cb626dbaf8ffc665576b46c384e...

04 Nov 2021 01:32:59 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.