Beacon Chain block 79977

Hash

f88595db7fba9c4777ffa6b715751de7f07f498a14d5d7f1c76f58288b71e1d34...

21 Nov 2021 22:59:23 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.