Beacon Chain block 78304

Hash

f986a196ead19f1a1791d2d0adee604f1a92d9666c0174f31d7375e5e9db63f0b...

14 Nov 2021 12:32:11 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.