Beacon Chain block 79687

Hash

4cad35899b64129b7d63b4409e66d3bb4855981e811f3057472ecadbca09e7f69...

20 Nov 2021 16:03:23 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.