Beacon Chain block 78391

Hash

3114186e9361621f6bde5449bb76a8632d5d0cab8df50428cae3fc07ac2b88d41...

14 Nov 2021 21:48:59 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.