Beacon Chain block 80895

Hash

b658cf6b5be5123dc9691824e42ee1291a9c69847e598ed6f896806fbca6da1d4...

26 Nov 2021 00:54:35 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.