Beacon Chain block 76680

Hash

d5f67aa36dc266ffc8a8e612de3262ed5bb0d0abe49b25667f8356671666e1c08...

07 Nov 2021 07:18:35 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.