Beacon Chain block 80619

Hash

54e3122cbea3fbd6d156e8fb5c5b4917f12825d3965ae661b76802bb899d4ed8d...

24 Nov 2021 19:28:11 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.