Beacon Chain block 77725

Hash

c6503de6b8b93338b9ab5040389a71d27a7c5bafb3a05c8aab5641b1e8978e8bd...

11 Nov 2021 22:46:35 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.