Beacon Chain block 80706

Hash

0daecb38ffaa8ca571c562116505612017dd030b4444e8bc947e7af7fb62f7fd3...

25 Nov 2021 04:44:59 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.