Beacon Chain block 78022

Hash

c963ec12ceb7b98f3df3cfa61cefe05667a82d2ac1debaf4f32ea9e8a44c45a0b...

13 Nov 2021 06:27:23 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.