Beacon Chain block 77040

Hash

c4b351aeb960b5b11c1ab04652bd5357817651e3ad19ee96eb7feb3a9d049d884...

08 Nov 2021 21:42:35 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.