Beacon Chain block 77642

Hash

fc79959e0001ea9b267a6abc14e88261253bbb23e2f958567a96ba6bd682762ba...

11 Nov 2021 13:55:23 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.