Beacon Chain block 79358

Hash

b7c19ae690a454283aefb792d92f0717dab05982d52283d95489cded4365b9cf9...

19 Nov 2021 04:57:47 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.