Beacon Chain block 80452

Hash

8ed5b18e23696216fa9e68fac013a5c0a3a31c5dfd2bf52763e9c18732239cb11...

24 Nov 2021 01:39:23 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.