Beacon Chain block 77316

Hash

0cb410d1de66f501dfbf96a7c00d659d4096b4e0b1754c5ef85a43419a6c0ff50...

10 Nov 2021 03:08:59 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.