Beacon Chain block 81285

Hash

d76d404ed2e0b2ec17a0dfd224282dff7d3031ed15feafd9c131d1064c5a88bf8...

27 Nov 2021 18:30:35 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.