Beacon Chain block 77850

Hash

658ac43956e51d08b932ab75af1528f3275b06b24fd664b2d633f5d7aeea700a2...

12 Nov 2021 12:06:35 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.