Beacon Chain block 77249

Hash

0d671bccd48ebedc92277bc93da08a4737ac74554da7d7ad9b5a1abf64c40ec73...

09 Nov 2021 20:00:11 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.