Beacon Chain block 79495

Hash

0b9eb5104efdd4a86c53a2a19e0328b6d4ce7b301599e27580620d64e6ba0fdda...

19 Nov 2021 19:34:35 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.