Beacon Chain block 79276

Hash

bb9c0c75fe59afa0ba15e1ece578078b7623d9550304ce59bbb6ff9e9b6ad920b...

18 Nov 2021 20:12:59 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.