Beacon Chain block 76442

Hash

f8b5228b2af8b33ae14ce7d07ddf49abeaef1277a010753e84f6090a50d9f425f...

06 Nov 2021 05:55:23 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.