Beacon Chain block 80299

Hash

2ceda31bbcffc75d4eec0bf76aa74d77feef6d965ce6f8d19ae32e74735391570...

23 Nov 2021 09:20:11 UTC (2 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.