Beacon Chain block 76212

Hash

c90c310b2747a21c6c4e20f74de2fc4e3cfa929e7a88ac99fd58570b3e816e3b5...

05 Nov 2021 05:23:23 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.