Beacon Chain block 78267

Hash

8abc8badf35a92f8e1a0435c801422869dfaa1e81a9d3674e904afd78acd52b72...

14 Nov 2021 08:35:23 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.