Beacon Chain block 77982

Hash

bf48c18c19d6d4aad5ca76583d7a529c7d576392c98ef38db972d5c11c62830dd...

13 Nov 2021 02:11:23 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.