Beacon Chain block 78966

Hash

bdfab9ff3acbd9d27a6cf83cda5813d173eb891ee84d58ad45939527ff137039a...

17 Nov 2021 11:08:59 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.