Beacon Chain block 77696

Hash

f9879334d250a0bae0f3544a0996de88dcb2213c7d9058414a6c5077ce5f478e3...

11 Nov 2021 19:40:59 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.