Beacon Chain block 76881

Hash

fec45a3cc39b89eebb48cb6b0f634dc5d5b3b0797f1eb0504858b19109d153fe9...

08 Nov 2021 04:44:59 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.