Beacon Chain block 77348

Hash

da2e3a25600169c86a5bd018c48d6dd1f1b10c2d30be4217c61d08501f41123fa...

10 Nov 2021 06:33:47 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.