Beacon Chain block 81568

Hash

aa64a7c1f19809a84c5268aaf4870ec223dc86af8c52452d7a1756943088df4c3...

29 Nov 2021 00:41:47 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.