Beacon Chain block 78905

Hash

3ddde8cbb5ccd983efe9e0cbe2881f62f40d124bc485c2bb610d1ffd725ac95ea...

17 Nov 2021 04:38:35 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.