Beacon Chain block 79729

Hash

5e427ba897e5f423ded4376d35f904599cf90830b2195fa3ac6cb79091adb414d...

20 Nov 2021 20:32:11 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.