Beacon Chain block 81201

Hash

8dbab062fb062312c590ac98405071f13afa513d3c2553bafd362be6916ce52b3...

27 Nov 2021 09:32:59 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.