Beacon Chain block 81341

Hash

7bed8e26d58ee742ec472c2377831b7b79cfc9c6a570474375ba07f95e1dae4de...

28 Nov 2021 00:28:59 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.