Beacon Chain block 81225

Hash

e79791875d49ee3267c1ddce391ab5be87b67f4116ed6ea3c6565a124f11b7e4c...

27 Nov 2021 12:06:35 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.