Beacon Chain block 81204

Hash

b4fcca5e94cc9fb9b67d5ff8269d2b93eca4af7af844dfbbee235e66112ebed23...

27 Nov 2021 09:52:11 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.