Beacon Chain block 81755

Hash

3c44051f255d2523d3c0ce2259712a3210e97df8f0dcaa3167548a43f60b3dd93...

29 Nov 2021 20:38:35 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.