Beacon Chain block 80769

Hash

2e8e37d1e27ef539c59afaf5bc47746d24fc691864b43db86ca5a612a8b09acbc...

25 Nov 2021 11:28:11 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.