Beacon Chain block 79484

Hash

7f1946262102cb89f7b16efa3db8c1ed620973586a0fd1f3eb83b69f49b2e995a...

19 Nov 2021 18:24:11 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.