Beacon Chain block 80525

Hash

2144dbdb3dfc3915ac8f8e61aebd60f0d41aec3efa15e51954a10d6cb3f12f4ff...

24 Nov 2021 09:26:35 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.