Beacon Chain block 80464

Hash

30e484ac9ad4862a926e1b32468abfdc1b1f1d84f301f46d6a6cee8735c83e45b...

24 Nov 2021 02:56:11 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.