Beacon Chain block 79365

Hash

83a0cb8cc0a8769e26110f02729d323ec2e94e61553581b314d1e4ffa26626126...

19 Nov 2021 05:42:35 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.