Beacon Chain block 77652

Hash

737eebe700d6f4b4fd2ea35414f938644dcbff660205fe9c9df7508b8c9f80c1e...

11 Nov 2021 14:59:23 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.