Beacon Chain block 79792

Hash

bc8ab6d5a356dc4f7d1028949043f264a35e29b9884adca37cac6de3ae7a99c0f...

21 Nov 2021 03:15:23 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.