Beacon Chain block 78210

Hash

924b5216344730f1a5a45f9db2f763d2dd9190b81b6153b05fdc8a779de9902b4...

14 Nov 2021 02:30:35 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.