Beacon Chain block 81641

Hash

0ca805fc11ee34a5c24ed9f76a4140b0760ea97a8581a7fd3e575cbe800ca2452...

29 Nov 2021 08:28:59 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.