Beacon Chain block 76888

Hash

2ef21e83b56a82c1086cc197dfbaeae04cf07f2fd3aa578b1129dd8d2d7ffdf21...

08 Nov 2021 05:29:47 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.