Beacon Chain block 76584

Hash

1145a45406c7a33f0631e3737f9b7b797d6e8449d2fb932dc9ee1b59fc41cf340...

06 Nov 2021 21:04:11 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.