Beacon Chain block 78367

Hash

ef772ee42c341b2105d5c5452ae2232a54315e396cf8efea54042ef7bf7097818...

14 Nov 2021 19:15:23 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.