Beacon Chain block 80373

Hash

86c15de57e29cfc174acad56191fee20500c68bcd6c40dc29ba20c6899f4a15c3...

23 Nov 2021 17:13:47 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.