Beacon Chain block 76551

Hash

767114ee6c21a2db06ca775ae3f5e534c2937f9e3ca9466cfdba91116c3a5d455...

06 Nov 2021 17:32:59 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.