Beacon Chain block 80341

Hash

180e10c2d7016fc4948dcb31ff154799ff48de39f01206be9f252755a33171ec1...

23 Nov 2021 13:48:59 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.