Beacon Chain block 76213

Hash

141d129fbd709744a301456d361030e9b1d2c5c2ec1d9eac6091b9317e893d47d...

05 Nov 2021 05:29:47 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.