Beacon Chain block 76486

Hash

8502dcd1180bb112c616d4e8b0523f84de1cb9581fce895af37b0f64a5449131b...

06 Nov 2021 10:36:59 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.