Beacon Chain block 81754

Hash

453aa7760f9f1ffd340fda50f11954e15a8a9b283f1128c8e78bd9c7162c60e89...

29 Nov 2021 20:32:11 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.