Beacon Chain block 81320

Hash

4aada1e18c0652dce248d3b4ba50397c8fbaac855b6995a6111b54b9475355399...

27 Nov 2021 22:14:35 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.