Beacon Chain block 81518

Hash

12ecf4ae5f883abb4cbc9496e2fbbadf9fa1a3652e55bc2cf8eae48ea1aa00cf7...

28 Nov 2021 19:21:47 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.