Beacon Chain block 79307

Hash

5916b153ca2983bcf15aab9626a19f97a621ef4677de77e7d9e40f30029d103f4...

18 Nov 2021 23:31:23 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.