Beacon Chain block 81830

Hash

db28d7b74e3d4ee501f29815f1a582b429cc5d87ff111362f74acfdf8000158dd...

30 Nov 2021 04:38:35 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.