Beacon Chain block 81717

Hash

e8bdf72e00b50ec42b5a7c94bbe16f9ddf3a26ecd054b151f850441d163bf3203...

29 Nov 2021 16:35:23 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.