Beacon Chain block 78900

Hash

af52f7a2698cbfcd62aafd89015160b876d0dd16455c05f2764660e5772240993...

17 Nov 2021 04:06:35 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.