Beacon Chain block 78212

Hash

b0e14f1b30742669d676f8ce098b8ae5283f2b1a9c4b1390e01532f694eb76f86...

14 Nov 2021 02:43:23 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.