Beacon Chain block 76446

Hash

5aa63f0dcb968e3e1686797f89c24c9223e9fb26bed40d6abeb657ea5e7520013...

06 Nov 2021 06:20:59 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.