Beacon Chain block 77890

Hash

8263eae77f370dc5a64d344f8a1de86fe96396e605e769a9ba4293b04600ea2d0...

12 Nov 2021 16:22:35 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.