Beacon Chain block 81520

Hash

337bca8b87ef65e67085fad169f3e2a1e262f0c55899d5b48dad8bdf28c7c3bc4...

28 Nov 2021 19:34:35 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.